On 8 July 2020, the U.K. Chancellor of the Exchequer delivered a Summer Statement setting out the U.K. Government’s “Plan For Jobs”, a package of

On 26 June 2020, the Corporate Insolvency and Governance Act 2020 (the "Act")i introduced the biggest reforms in a generation of U.K. Insolvency law

On 1 July 2020, the U.K. Competition and Markets Authority (CMA) published a statement outlining a series of regulatory initiatives aimed at Google

The U.K. Government has an announced intention to introduce a subsidy control regime. Having such regimes in place both in the U.K. And the EU (the

The U.K. Supreme Court has handed victory to a group of British retailers (the “Respondents”) in a long-running dispute with MasterCard and Visa

On June 17, 2020, the European Commission published its highly anticipated White Paper detailing its “anti-subsidy tool,” aimed at rectifying

The U.K. Government has published the Cyber (Sanctions) (EU Exit) Regulations 2020 and an explanatory memorandum. The Regulations are made under the

The U.K. Payment Systems Regulator and U.K. Financial Conduct Authority have published a joint statement on their approach to maintaining access to

With respect to layoffs and terminations, jurisdictions may require that grounds (beyond the employer’s economic difficulties) exist for termination

HM Treasury has published the Sanctions (EU Exit) (Miscellaneous Amendments) Regulations and the Sanctions (EU Exit) (Miscellaneous Amendments) (No

The European Commission has published two draft Delegated Regulations, the first is on the criteria for determining whether a third-country CCP is

The European Commission has published a draft Delegated Regulation on the fees charged by the European Securities and Markets Authority to central

Following the discussion paper published on February 26, 2020, the Bank of England has announced that it will begin publishing a daily compounded

On May 27, 2020, the Alternative Reference Rates Committee (ARRC) published best practices for completing the financial industry’s transition away

The FICC Markets Standards Board has published a Spotlight Review on case studies for navigating conduct risks during the LIBOR transition, which is

The Bank of England and U.K. Prudential Regulation Authority have publicly acknowledged the ESRB's Recommendation on the restriction of distributions

The Bank of England has written to CEOs of U.K. Financial market infrastructure providers, urging them to carefully consider the additional risks and

The U.K. Financial Conduct Authority’s Executive Director of Supervision for Investment, Wholesale and Specialists, Megan Butler, has given a speech

The FCA has published guidance for banks on continuing to make branch access available for essential services. In considering reopening and operating

The U.K. Prudential Regulation Authority has published a “Dear CEO” letter providing further guidance on IFRS 9 and capital requirements in the