In July 2022 the Financial Conduct Authority (FCA) published its Consumer Duty Implementation plans by way of a Policy Statement (PS22/9) and Finalised Guidance (FG22/5). These documents can be read in full at https://www.fca.org.uk/publications/policy-statements/ps22-9-new-consumer-duty and https://www.fca.org.uk/publication/finalised-guidance/fg22-5.pdf, respectively. From the FCA “We set out the final rules and guidance for a…
This article is a follow on from ‘Auditing Operational Resilience’ feature which was posted to https://www.jcbfl.co.uk/ in March 2021. Business resilience builds on the principles of business continuity but extends much further to help enhance an organisation’s ability to alter operations in the face of changing business conditions. Regulators have…
The London Insurance Market is a distinct and separate part of the UK insurance and reinsurance industry centred in the City of London, predominantly within the EC2 and EC3 postal districts. Its main participants are insurance and reinsurance companies, Lloyd’s of London syndicates, Coverholders/Agents/MGAs, and brokers who handle most of…