News

FCA outlines approach to Big Tech and AI

Wed Jul 12 2023News

Nikhil Rathi, chief executive of the UK's Financial Conduct Authority, says the regulator welcomes the government’s call for the UK to be the global hub of AI regulation.

In a speech to be given at The Economist on 12 July, Rathi will say that the FCA will open its AI sandbox to companies wanting to test the latest innovations. The FCA will also increase its scrutiny of Big Tech’s role as the gatekeepers of data in financial services.

In a press release ahead of the event, which includes Rathi's planned speech, the FCA said: "Our outcomes and principles-based approach to the regulation, including the Senior Managers Regime and Consumer Duty, should mean firms have scope to innovate while protecting consumers and market integrity. We will only intervene with new rules or guidance where necessary.

"We will regulate firms that are designated as Critical Third Parties where they underpin financial services and can impact stability and confidence in our markets."

The Chancery Lane Project expands to the USA

Thu Sep 21 2023

Delay in Final Report of the Infected Blood Inquiry

Thu Sep 21 2023

Attorney General presents UK intervention in Ukraine case against Russia at International Court of Justice

Thu Sep 21 2023

Firms losing potential clients by failing to return their calls, research shows

Thu Sep 21 2023

Powers of attorney modernised as legislation allows CILEX Lawyers to certify LPA copies for the first time

Thu Sep 21 2023

Stark contrast between Government response to Post Office Horizon victims and Infected Blood

Wed Sep 20 2023

ACSO comments on the Justice select Committee report:

Wed Sep 20 2023

Campaigners win permission to appeal against Sizewell C Nuclear Power Station ruling

Tue Sep 19 2023

Pre-inquest review into the deaths of Reading murder victims, James Furlong, Dr David Wails and Joseph Ritchie-Bennett

Mon Sep 18 2023

FeaturedAudit reform: if not now, when?

FeatureFri Sep 22 2023

Audit reform: if not now, when?

Paul Brehony discusses the government's reported decision to omit audit reform from its legislative plans – and asks whether it's simply a fudge based on political expediency.

Browne Jacobson collaborates with LGiU on report highlighting “critical” role of local government to hit net zero

NewsFri Sep 22 2023

Browne Jacobson collaborates with LGiU on report highlighting “critical” role of local government to hit net zero

UK and Ireland law firm Browne Jacobson has again partnered with the Local Government Information Unit (LGiU) on their latest report Net Zero and Local Democracy

The battle for talent – promoting diversity

OpinionFri Sep 22 2023

The battle for talent – promoting diversity

Jody Tranter explores how championing non-law graduates and diversity of thought could help close the talent gap

BSB publishes new guidance on barristers’ conduct in non-professional life and on social media

NewsFri Sep 22 2023

BSB publishes new guidance on barristers’ conduct in non-professional life and on social media

Following the conclusion of the Bar Standards Board’s (BSB) consultation on conduct in non-professional life, the BSB Board has approved new guidance which we are publishing today.

SJ interview: Adrian Chopin

SJ InterviewFri Sep 22 2023

SJ interview: Adrian Chopin

Adrian Chopin is co-founder and managing director of litigation funder Bench Walk Advisors. He tells David Vascott about the firm's funding model and how it's staying ahead of its rivals.

Whose human rights are more important, yours or mine?

ForewordFri Sep 08 2023

Whose human rights are more important, yours or mine?

Under the law, should your right to express your opinion – be it on politics, the environment, abortion, or anything else – trump my right to go about my business unhindered, whether or not I happen to agree with your opinion?