Regulation
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Firms in the EEA must gain approval to do business in the UK before the end of 2023. -
A new sub-committee of MPs and a financial services unit will scrutinise how the FCA and PRA adopt new post-Brexit powers.
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SVP and regional head of insurance in Asia Ben Carey will lead the operation.
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The penalty relates to activities in Colombia.
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The newspaper reported that the US is urging European capitals to ease the ban in a bid to tame inflation.
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Insurers have expressed concerns about hitting the 2023 deadline for the regime.
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The committee also warned against any inappropriate weakening of the UK’s regulatory standards.
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The Glasgow Financial Alliance for Net Zero has published for consultation a framework for insurers and banks to create net-zero transition plans.
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The watchdog is proposing rules that would require actuaries to consider climate risks in technical work.
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The regulator has criticised London market brokers and MGAs on four key areas, warning them that they have a “long way to go” on diversity.
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Whitehall plans to give regulators a suite of new powers to oversee critical technology providers to insurers and banks.
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The Financial Conduct Authority is facing a perfect storm of a backlog of approvals, striking staff and an urgent need to transform operations.
Most Recent
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AJ Gallagher acquires Ireland-based Innovu Insurance
24 June 2022 -
QBE’s Gordon set to replace Jakobek as PPL CEO
24 June 2022 -
Miller appoints Bramwell for media insurance push
24 June 2022 -
Insurance M&A to rebound in H2 2022: PwC
24 June 2022
