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The source of the funding is one of the most problematic elements for sources who spoke with this publication following the draft bill’s release on Friday. -
Speaking to a Treasury committee, Rathi explained that the FCA is not proposing to enforce social policy, but to provide data for firms to evaluate themselves.
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Participating insurers would be required to provide all-perils property insurance for residential and commercial policyholders.
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The association will also explore the impact of AI and continue its #BackToEC3 campaign this year.
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The regulatory body laid out its priorities which will focus on themes including credit, liquidity and cyber risk.
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The trade body also urged a proportionate approach to regulation of the broking sector.
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The Corporation is cracking down on LOC exposure following the Vesttoo scandal.
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Finance minister describes the activity as “widespread, repeated and continuous”.
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The provision was made as part of the Berne Financial Services Agreement signed by Chancellor Jeremy Hunt today.
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Robert O’Leary, managing executive officer at Tokio Marine Holdings, has resigned from the company.
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Under the proposal, the tax would be effective from 2025.
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An affiliate of the Chinese investment group has a 33% shareholding in the carrier.
