On 2 June 2014, Martin Wheatley, CEO of the FCA, made a speech setting out the FCA’s post-crisis emphasis in the insurance industry on issues like conduct, ethics and prevention. Martin Wheatley commented that “the lessons we’ve learnt over the last six years have the potential to create a business environment that’s significantly better post-great recession, than pre”. He also considered that both the regulator and the industry have a role to play in achieving greater certainty and integrity, recommending that instead of waiting for official intervention the industry should “spot and mitigate future risks internally ahead of time”.