Regulation

While the Financial Reporting Council’s (FRC) revised UK Corporate Governance Code is not as wide-ranging as originally expected, it has significantly increased boards’ responsibility for risk management oversight. In addition, the code now requires… More

The Bank of England (BoE) together with regulatory authorities have launched a series of documents which will form the basis for a new sterling-denominated stable coin regime for Britain. Papers published in November… More

Climate-related litigation is becoming a major source of risk as cases against businesses continue to rise, according to Frank Elderson, a member of the executive board of the European Central Bank (ECB).… More

The International Standards Setting Board released two major documents on sustainability in June – IFRS1 and IFRS2.  IFRS1 set out the General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 sets… More

The system of local auditing in the UK is “close to breaking point”, the House of Commons Committee on Public Accounts (PAC) said.  Local government bodies looking to publish their accounts for 2021-22 received… More

European car manufacturers have warned the UK government to renegotiate its Brexit arrangements with Europe or risk losing thousands of jobs in the UK. In May, the world’s third largest carmaker Stellantis… More

Tax risk is rising in the wake of last year’s agreement by G20 countries and the OECD to adopt a minimum corporate tax rate of 15 per cent for global businesses.  The… More

Compliance fines and regulatory lapses continued to bite financial services firms hard in 2022.   The Financial Conduct Authority (FCA), the industry watchdog, posted over £215 million worth of fines on its website for… More

Businesses are out of step on biodiversity as the world sets landmark targets to address the issue. Nations agreed to protect a third of the planet for nature by 2030 at December… More