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UK power sector
Trends
- 1UK Moves to Block High-Risk Tech Suppliers From Critical Infrastructure●UK Moves to Block High-Risk Tech Suppliers From Critical Infrastructure UK's new Cyber Security and Resilience Act targe
The UK government is advancing its Cyber Security and Resilience Act, which gives ministers powers to block technology suppliers deemed high-risk from critical national infrastructure. The legislation targets supply chain vulnerabilities in sectors such as energy, and follows Iran-linked cyber attacks on energy facilities. Commentators in the security community say the law marks a significant tightening of oversight over who can supply essential services.
- 2Peers say Parliament at mercy of UK finance regulators●Parliament at the ‘mercy’ of UK finance regulators, say peers
Members of the House of Lords warn that Parliament has been left at the 'mercy' of UK finance regulators, arguing that lawmakers lack sufficient oversight over bodies that set and enforce financial rules. The criticism, reported by The Banker, highlights concerns about democratic accountability in the regulation of Britain's financial services sector following the UK's post-Brexit repatriation of regulatory powers.