Firms should review the FCA’s findings against their own outcomes monitoring approach and identify possible improvements.
Sarah Brook, CMS
Implementation of the Consumer Duty requirements will continue to be the FCA’s key focus to address issues with premium finance for home and motor insurance products.
The PRA has issued a principles-based, proportionate framework of expectations for firms to manage climate-related financial risk.
Overview of the UK financial services growth strategy; HMT changes to the insurance risk transformation regime and captive insurance regulatory framework; and SMR and FOS reforms.