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On 1 February 2023 the Online Safety Bill received its Second Reading in the House of Lords. The discussion that ensued around concerns with, and areas of change required to, the Bill provides an insight into what we can expect for the Bill as it moves through the House of Lords. Key themes included: A … Read more
As the Online Safety Bill begins its journey in the House of Lords, in this blog we recap on the key changes to the Bill since it was first introduced in the House of Commons and the likely impact of those changes. In our further blog “The Online Safety Bill: Crystal ball gazing on the … Read more
Regulators around the world are focused on the operational resilience of financial institutions, financial market infrastructures (FMIs) and the financial system as a whole. One area of significant risk to the financial system is the dependency of financial institutions on critical third parties (CTPs), particularly in relation to the cloud and other information and communication … Read more
On 7 February, the Bank of England (the Bank) and His Majesty’s Treasury (HM Treasury) jointly published a Consultation Paper on the development of a Central Bank Digital Currency (CBDC) for the UK (or a digital pound). The three key take aways in respect of a likely digital pound are: No final decision has been made on whether there will … Read more
Happy International Data Privacy Day for Saturday! And what better reason than that to explore what 2023 is likely to have in store for data and privacy? We are just over one year on from the UK government hinting that it might think outside the box in terms of data protection regulation. Two years on … Read more
The Law Commission of England and Wales has published a consultation paper (the Paper) on the recognition and protection of digital assets. The consultation, which closes on 4 November 2022, focuses on the legal treatment of digital assets and recommends law reform to create a third category of personal property – referred to as “data … Read more
On 5 February 2021, the Financial Conduct Authority (FCA) published a report titled ‘Implementing Technology Change’, which sets out findings from its review into how financial services firms manage technology change, the impact of change failures, and industry practices to help reduce the impact of incidents resulting from change management. The FCA analysed over one … Read more
