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The committee also warned against any inappropriate weakening of the UK’s regulatory standards. -
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.
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Bill Wharton has also been installed as chair of the diversity committee.
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Charles Randell steps down early from his five-year term.
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The sanctions were only agreed following the UK’s involvement, shutting Moscow out of the Lloyd’s market.
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The committee will also assess the work of the Glasgow Financial Alliance for Net-Zero.
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The tacit tying of inwards business flows to shares of outwards programmes creates real exposure to a crusading Attorney General looking for a target.
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