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Corporate Insurance and Financial Services Blog

Articles: 1-10 of 31

PRA and FCA joint forum publishes guidance to all firms on climate-related financial risks

United Kingdom - June 30 2020 On 29 June 2020, the Climate Financial Risk Forum (CFRF) published a guide providing practical recommendations to firms of all sizes on the financial…

FCA issues Final Report in the Wholesale Insurance Broker Market Study

United Kingdom - February 20 2019 Today, the FCA released its Final Report in its Wholesale Insurance Broker Market Study…

The W&I tool in M&A

United Kingdom - August 20 2018 The use of warranty and indemnity (W&I) insurance has rapidly increased over the past few years, becoming a strategic tool in the toolbox of any M&A…

Part VII insurance business transfers - FCA's finalised guidance

United Kingdom - May 30 2018 The FCA published finalised guidance on its approach to reviewing insurance business transfer schemes under Part VII of the Financial Services and…

Scope of duty narrows for accountants

United Kingdom - May 30 2018 The recent decision in Manchester Building Society v Grant Thornton UK LLP is likely to provide some considerable comfort for accountants and their…

Asia Insurance Bulletin 2018

Asia-Pacific, Singapore, United Kingdom - April 23 2018 The English Court of Appeal has clarified a number of key features of Letters of Credit, including the “autonomy principle” and the scope of the fraud…

Government announces new office for product safety and standards

United Kingdom - February 1 2018 On 21 January 2018, the Government announced the creation of the Office for Product Safety and Standards (OPSS), a new national oversight body tasked…

The FCA turns its attention to the wholesale insurance sector

United Kingdom - November 13 2017 After indicating its intention to conduct a wholesale insurance market study in its 2017/18 Business Plan, the FCA has now announced the launch of its…

New corporate tax evasion offences - the clock is ticking!

United Kingdom - August 3 2017 Financial services firms should ensure they have in place appropriate policies and procedures as they prepare for the new corporate tax evasion…

PRA consultation to promote diversity on boards of large insurers

United Kingdom - July 6 2017 The PRA consults on further amendments to the Senior Insurance Managers Regime (SIMR) including promoting diversity on boards. The PRA's consultation…