LMG sets out practical steps to give regulatory reforms ‘teeth’

26 May 2022

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The London Market Group (LMG) said that if the UK financial regulators are to have a chance of meeting their target to improve competitiveness then the legislation needs “teeth”, as it released a set of practical benchmarks for measuring whether the reforms are working.

The LMG has said that the upcoming Financial Services and Markets Bill will include a competitiveness objective for the regulators – achieving what it saw as the most important objective among the five it had campaigned for.

The

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LMG sets out practical steps to give regulatory reforms ‘teeth’

The London Market Group (LMG) said that if the UK financial regulators are to have a chance of meeting their target to improve competitiveness then the legislation needs “teeth”, as it released a set of practical benchmarks for measuring whether the reforms are working.

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LMG sets out practical steps to give regulatory reforms ‘teeth’

The London Market Group (LMG) said that if the UK financial regulators are to have a chance of meeting their target to improve competitiveness then the legislation needs “teeth”, as it released a set of practical benchmarks for measuring whether the reforms are working.

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Uncover exclusive insights tailored for insurance leaders

Topics

Marine war tensions growing with Iran seizure of tanker insured for $140mn

Allianz Commercial promotes Soja to lead global marine

Iran-Israel violence raises concern over ‘escalation clause’ on treaties

UAE record rainfall causes floods in Dubai

Lawsuits against SEC climate disclosure rules may last beyond 2025

Nat cat insured losses hit at least $20bn in Q1 2024: Gallagher Re

Clear appoints Hunt as managing director of its MGA business