-
Payment Systems Regulator’s abolition expected no sooner than 2027. David Geale of the PSR anticipates the regulator’s consolidation into the FCA will not occur before early 2027, despite government plans for sector reform and deregulation.
-
Calling someone “old” for IT struggles isn’t age discrimination. The tribunal ruled on Farah Janjua’s case against Harvey Jones Ltd, where a colleague’s comment about her IT skills didn’t meet the legal threshold for age discrimination.
-
Ofcom contacts xAI over Grok’s image-generation capabilities. The UK regulator is investigating claims that the AI tool can create sexualised images of children and non-consensual explicit images of women, potentially breaching the UK’s Online Safety Act.
-
Senior lawyer hiring surged in City law firms in 2025. Employment rose above 5% as London firms hired 668 partners, a 21% increase. US firms led the trend, focusing on private capital teams, with high demand expected to continue.
-
The U.S. consumer watchdog faces paralysis as funding cuts bite. A judge has ordered the Trump administration to restore payments to the Consumer Financial Protection Bureau, halting its attempt to defund the agency as tensions over America’s regulatory future intensify.
-
John Carreyrou files a federal lawsuit against six AI developers. The complaint alleges the companies used copyrighted books, including his own work, without consent to train their chatbots — opening a new front in the industry’s deepening legal battle over training data.
-
HMRC is intensifying its scrutiny of fast growing UK companies. Francesca Titus, barrister and white-collar crime partner at McGuireWoods, warns that expanding enforcement powers, AI-led investigations, and new criminal offences are raising the stakes. For scale-ups, proactive compliance is now essential — before HMRC comes knocking.
-
The ECB has outlined plans to streamline bank supervision. The European Central Bank moved to simplify oversight for smaller lenders while rejecting calls to loosen capital buffers, underscoring its focus on resilience as the EU’s revised banking framework approaches implementation next year.
-
Rachel Reeves has delivered a tax-heavy Autumn Budget for business. Markets have taken the measures in their stride, but leaders now face a higher, more complex tax burden and big questions about investment, skills, and productivity that our BQX deep-dive will unpack in full, as they plan for 2026 ahead.
-
Russia’s central bank has accused state agencies of violating shareholder rights in a high-profile nationalisation case, exposing friction within Moscow’s financial establishment and raising fresh warnings for European companies with remaining exposure to Russia.