BANKING

FCA financial crime guide for consumer credit firms

The FCA has published a guide for consumer credit firms that provides high-level guidance on steps to be taken to reduce financial crime risk. FCA also publish a webcast on financial crime requirements that consumer credit firms can register for on their webpage.

FCA, 21 November 2016

Anthony Browne speech to British Bankers' Association Annual Dinner 2016

Chief Executive Anthony Browne spoke at the BBA's annual dinner and declared that the time for grieving is over, following the EU referendum.

British Bankers' Association, 21 November 2016


Green Paper on retail financial services adopted

The European Parliament has announced the adopted provisional text of its resolution on the European Commission's Green Paper on retail financial services.

European Parliament, 22 November 2016


INSURANCE

Andrew Bailey to Association of British Insurers Annual Conference

Andrew Bailey, Chief Executive of the FCA, delivered a speech at the Association of British Insurers (ABI) annual conference, highlighting the challenges for insurance and regulators in a big data world.

FCA, 22 November 2016

Macroprudential Policy for Insurers

Vicky Saporta, Chair of the Executive Committee of the International Association of Insurance Supervisors (IAIS) has given a speech setting out the role of macroprudential regulation in the insurance sector, and how it interacts with microprudential measures at the Association of British Insurers annual conference.
IAIS, 22 November 2016

UK Insurers paying out more than ever before to customers

UK insurers paid out the equivalent of £131 million to customers every day under general insurance, long-term savings and pension policies according to the definitive industry statistics published by the ABI.
ABI, 22 November 2016

BIBA Chairman, Lord Hunt of Wirral reminds House of Lords about the importance of general insurance market to the UK Economy

Speaking about Article 50 in the House of Lords, Lord Hunt of Wirral addressed that "The UK insurance and reinsurance sector is the jewel in our crown, bringing much-needed stability to businesses, individuals and families – and, in times of crisis, to the economy as a whole."
BIBA, 22 November 2016