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Banking Bites - April 27 2022

European Union, United Kingdom - April 27 2022 The UK’s Financial Conduct Authority (FCA) has launched its new three-year strategy, with the stated aim of improving outcomes for consumers across…

Gilly Bradbury, Daniel Csefalvay, J. Ashley Ebersole, Polly James, Sarah Klein, Eric Martin, Pedro J. Martinez-Fraga, Naomi Miles

FCA proposals to cut out RDC involvement in significant supervisory cases will lead to undesirable outcomes for the regulator and the regulated

United Kingdom - August 19 2021 At the end of July 2021, the FCA published a consultation paper, CP21/25, setting out proposals to reduce the decision-making remit of its…

Rhys Corbett, Polly James, Nathan Willmott

COVID-19 and travel insurance: The FCA updates its expectations of general insurance firms

United Kingdom - July 21 2021 The FCA, on 19 July 2021, updated its webpage setting out its expectations of general insurance firms in the light of COVID-19 to clarify its…

Rhys Corbett

FCA’s new rules on general insurance pricing practices - more than meets the eye

United Kingdom - May 28 2021 The FCA published today a collection of new ‘pricing practices’ rules for insurers and insurance distributors. Most headlines will be on the new…

Polly James

UK Insurers Should Begin to Comply with New PRA Mandatory Contractual Requirements for Material Outsourcings

United Kingdom - April 13 2021 The PRA’s supervisory statement on outsourcing arrangements and managing third party risk requires insurers to take action now, to ensure that…

Rachel Dale