LexBlog United Kingdom

Publisher:
LexBlog
Publication date:
2019-10-04

Publisher

Latest documents

  • Researchers find Vibrio types in prawns in United Kingdom pose low risk to humans

    Scientists have found half of prawns sampled were contaminated with Vibrio in the United Kingdom but the strains of bacteria identified do not cause severe disease in humans. Quadram Institute researchers studied Vibrio in prawns in the UK to understand the bacterium’s contribution to human disease and its resistance to antibiotics. Non-cholera vibrios are not a...

  • PRA PS23/21 ‘Credit risk: The identification of the nature, severity, and duration of an economic downturn for the purposes of IRB models’

    On 20 October 2021, the PRA published Policy Statement 23/21 ‘Credit risk: The identification of the nature, severity, and duration of an economic downturn for the purposes of Internal Ratings Based models’ (PS23/21). PS23/21 is relevant to UK banks, building societies, and PRA-designated UK investment firms. In PS23/21 the PRA sets out final rules and...

  • CFPB, federal and state bank and credit union regulators warn of increased supervisory scrutiny in joint statement on managing LIBOR transition

    The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR (Joint Statement). In 2017, the United Kingdom’s Financial Conduct Authority (FCA), the regulator that oversees the panel of banks on whose submissions LIBOR is based,...

  • The UK’s Net Zero Strategy

    On 19 October, alongside a number of other important strategy documents (over 2,000 pages in total), the UK Government published its ‘Net-Zero Strategy’ (NZS) which will help achieve the UK’s interim five yearly carbon targets leading up to net-zero by 2050. The NZS focuses on eight key areas with priorities and policies set out under...

  • A step closer to agreement on taxation of the digital world

    On 8 October 2021, the OECD released a further statement in relation to the BEPS 2.0 proposals, aimed at addressing taxation of the modern digital economy. This is the latest development in the attempts to more equally share the tax revenue relating to digital services that have led to some jurisdictions, including the UK, introducing...

  • The UK’s Net Zero Strategy

    On 19 October, alongside a number of other important strategy documents (over 2,000 pages in total), the UK Government published its ‘Net-Zero Strategy’ (NZS) which will help achieve the UK’s interim five yearly carbon targets leading up to net-zero by 2050. The NZS focuses on eight key areas with priorities and policies set out under...

  • BoE launches first public CCP supervisory stress test

    On 19 October 2021, the Bank of England (BoE) launched its first public supervisory stress test of UK central counterparties (CCPs). As stated in the earlier BoE Discussion Paper on CCP supervisory stress testing, the 2021-22 stress test will explore the system-wide credit and liquidity resilience of UK CCPs. The findings from the stress test...

  • HM Treasury policy paper – Greening Finance: A Roadmap to Sustainable Investing

    On 18 October 2021, the HM Treasury published a policy paper titled, ‘Greening Finance: A Roadmap to Sustainable Investing’. The policy paper refers to the government’s long-term goal to green the financial system and align it with the UK’s net-zero commitment. Greening the financial system will be carried out through three phases: informing investors and...

  • UK Government Releases Roadmap to Sustainable Investing

    The roadmap introduces sustainability disclosure requirements for UK companies and reveals further developments in relation to a UK Green Taxonomy. By David Berman, Paul A. Davies, Nicola Higgs, Michael D. Green, Anne Mainwaring, and James Bee On 18 October 2021, the UK government released a report titled “Greening Finance: Roadmap to Sustainable Investing” (the Roadmap),...

  • LIBOR and the FCA’s new powers under the UK Benchmarks Regulation: questions and answers

    On 15 October 2021, the FCA published a new webpage listing questions and answers for firms related to the use of its powers under the UK Benchmarks Regulation (BMR), and publications on 29 September 2021, to help manage an orderly wind-down of LIBOR. The following are key questions covered on the webpage: Impact on contract provisions Will pre-cessation fallbacks (those who trigger on unrepresentativeness) still operate...

Featured documents

  • UK regulator targets Campylobacter in poultry

    20/07/2005 – UK-based food processors who use poultry in their products are likely to face more safety regulations after a government report singles out chicken meat as the largest contributor to Campylobacter infections in the country. “Given the prevalence of Campylobacter in poultry, and knowing ...

  • UK: Threat of E-coli contamination spreads

    The Camembert cheeses that were recalled may not have been all that was infected with E.coli, according to the Food Standards Agency. The sale of all raw milk products produced by French company Laiterie Fromagerie du Val d’Ay-Etablissement REAUX is now being halted, due to concerns about possible...

  • Food alerts report on aflatoxins in nuts, cheese from the UK

    A total of about 47 food safety problems were reported across the EU last week, including a cluster of alerts about aflatoxins in nuts and unauthorised cheese from the UK. Last year 538 notifications concerned aflatoxins in pistachios, of which 487 concerned those primarily originating from Iran....

  • UK foodborne disease cases fall by 19 per cent

    Here is an interesting article about the UK finding ways to reduce foodborne diseases. UK foodborne disease cases fall by 19 per cent: “Regulation, training and public information campaigns are having a dramatic effect on the reduction of foodborne diseases in the UK, with the number of cases of...

  • UK law firm marketing on the rise

    Legalweek reports UK law firm marketing expenditures are on the rise. Top [London] firms are ready to spend £10m-plus per year on marketing as commercial lawyers aggressively beef up their investment in business development. Georgina Stanley reports on the results of the latest Big Question survey...

  • UK Releases Report on Environmentally Beneficial Nanotechnologies

    On May 17, 2005, the United Kingdom’s (UK) Department for Environment, Food, and Rural Affairs (DEFRA) released a report entitled Environmentally Beneficial Nanotechnologies: Barriers and Opportunities, which provides the results of a study exploring ways in which nanotechnology could reduce the...

  • UK large law firms using Facebook

    Following up on my post on AmLaw 200 firms using Facebook citing Doug Cornelius’ work, Nick Holmes did a check of top UK legal firms’ using Facebook networks. He’s what he found: Linklaters (with 895 members) Allen & Overy (846) Baker & McKenzie (669) DLA Piper (623) Technorati Tags:...

  • Lord to Commoners: Copy Away!

    Our friends across the pond are considering a new proposal that would change the rules regarding the copying of movies and music. Specifically, the proposal would allow the copying of legitimately acquired music and movies between storage devices for “private use.” Current law in the United Kingdom ...

  • The Increasing Intersection of Criminal Law and Tort Law

    A significant topic for at least the next decade will be the interesection of criminal law, tort law and civil law (including the law on punitive damages). The issue is growing in prominence for many reasons, including new UK legislation on corporate manslaugher and U.S. Senate hearings held a...

  • UK Litigation Rising

    Litigation is rising in the UK as litigation becomes a truly global industry. An October 8, 2008 online story from Global Reinsurance advises that the current fiscal fiasco of course will spawn lots of litigation, and then states the following specifics regarding increased litigation in the UK : “UK...

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