After all the talk about GDPR implementation last year, we are starting to come to the crunch point where companies' data practices are being tested by the regulators. The results could create continued regulatory headaches for data-intensive businesses.
Our ‘Brexit in Perspective’ infographic explores the scale of the UK’s decision to leave the EU in the broader context of the European project and international trade relations.
As the 29 March 2019 deadline for when the UK is due to leave the EU gets closer and closer, a lot remains to be finalised. In this diagram we have mapped the various paths to ‘exit day’ and explore the range of potential outcomes.
Prime Minister Theresa May put data protection at the heart of the UK’s post-Brexit relationship with the EU when she delivered her latest set piece Brexit speech on 2 March.
This summer, Londoners will have noticed the addition of new bicycles parked in various locations across Britain’s capital. Closer inspection of these bikes reveals that they are ‘oBikes’ - a bicycle which you can unlock with an app on your phone and use at very little cost, without the need to park at docking stations.
In July, the Financial Conduct Authority (FCA) – the body that regulates loan-based and investment-based crowdfunding in the UK – launched a ‘call for input’ on the current rules applied to crowdfunding in the UK.
The ways and means in which regulation is developed and implemented in the internet age have changed. Regulation across the globe can only follow the rapid expansion of new innovation and business models in, for example, online short-term rentals or car-sharing platforms. There is a continuing trend towards companies developing an idea and going to the market with it fast, with the result that regulation is so far behind it must adapt to the new business environment.
In February of this year, the European Commission unveiled its Green Paper for ‘Building a Capital Markets Union’. Over the coming five years it will be the flagship project for the Directorate General responsible for Financial Stability, Financial Services and Capital Markets Union (DG FISMA). The Green Paper clearly states that the European Commission’s objective is to stimulate economic growth, largely through simpler access to capital markets, which will diversify the sources of SME financing and in turn support their growth. So what does the Capital Markets Union (CMU) mean for new innovative and a high growth companies? How does the CMU plan address their many concerns whilst also building on their many achievements?