Regulatory

Everyone’s talking about ESG (environmental, social and governance), and regulatory change afoot in the EU and US will significantly expand the reporting obligations of companies with operations in either region. 

Environmental, social & governance obligations are expanding their regulatory reach around the world: Simon Walsh considers the compliance frameworks in the EU & US

All eight legal regulators need to be more transparent and make more robust decisions, the Legal Services Board (LSB) has declared.

Santander UK has been fined £107m for ‘serious and persistent’ gaps in its anti-money laundering (AML) controls on business banking customers.

Lawyers are advising businesses to start preparing for regulatory reforms on deforestation-free supply chains.

The requirement to ring-fence retail banking from investment activities, which was introduced following the 2008 financial crash, is to be abolished.

The number of barristers reported to the Bar Standards Board (BSB) increased 17% from 1,885 to 2,199 last year (2021-2022), according to the BSB annual report, published last week. 

To what extent do the rules of the profession apply to non-solicitor employees? More than you may think. In this week’s NLJ, John Gould, senior partner at Russell-Cooke, writes: ‘Surprisingly, every employee within a firm is a regulated person whether or not they are personally engaged in reserved legal activity.’

The cleaner did it! John Gould considers the rules & responsibilities which apply to non-solicitor employees of a firm