Think tank calls for FCA to regulate third-party litigation funding

The Adam Smith Institute, a right-wing think tank, has called for the UK Financial Conduct Authority to regulate third-party litigation funding in the same way “as other investment products”, urging “a blanket requirement of transparency” for funded class actions. More from Legal Futures.

Meanwhile, the European Law Institute has warned that prescriptive regulation of the litigation funding industry could curtail access to justice, insisting that a light-touch approach is most appropriate. More from Global Legal Post.