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Herbert Smith Freehills EMEA disputes head and the firm’s global head of financial services regulatory practice Jenny Stainsby offers her thoughts on what regulatory requirements clients and firms will have to think about, after a tumultuous period including Brexit and the COVID-19 levels.

At the beginning of the year, for U.K. companies and their lawyers, 2020 inevitably involved Brexit preparedness. Having spent significant time, money and energy during 2019 making preparations for a potential no-deal scenario, many felt that, while still a significant priority for the year, it was a challenge that was relatively under control, albeit most acknowledged that there remained some aspects of Brexit which would remain (on the Rumsfeld continuum) as ‘unknown unknowns’.

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