by Kenneth Underhill | Apr 26, 2022 | Compliance, Insurers, Lloyd's, Operations, Prudential Regulation Authority, Risk
Last week, the PRA published their annual Business Plan and proposals for the regulated fees and levies. It is a year that will likely see some significant challenges for the regulator and regulated firms with the Future Regulatory Framework proposals currently being...
by Kenneth Underhill | Apr 14, 2022 | Compliance, Governance, Lloyd's, Operations, Risk
The adoption of Lloyd’s new principles-based approach to market oversight is now well underway. Managing Agents should be well advanced with their self-assessment work for individual syndicates, ahead of the deadline of 29th April for the submission of completed...
by Kenneth Underhill | Apr 8, 2022 | Compliance, FCA, Operations, Risk
On 7th April 2022, the FCA released their updated 3 year strategy setting out their vision and ambitions for the period, along with the 2022/23 Business Plan. These documents reflect the shift in regulatory style Nikhil Rathi signalled on his arrival at the FCA when...
by Craig Umbleja | Mar 11, 2022 | Compliance, FCA, Product Governance
The FCA have started to gather information on the way in which insurance for multi-occupancy buildings is negotiated, placed and managed. Seemingly triggered by the significant increases in risk premium that result from the cladding scandal that followed the Grenfell...
by Nicky Hasler | Feb 10, 2022 | Compliance, FCA, Operational Resilience, Operations, Prudential Regulation Authority
As we approach the 31st March 2022, many firms will be asking themselves, have we done enough on Operational Resilience to satisfy the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA)? In March 2021, the PRA supplemented the Operational...
by Kenneth Underhill | Feb 4, 2022 | Compliance, ICSR News
ICSR is delighted to announce the promotion of Craig Umbleja to the new role of Senior Compliance Manager. Craig will be responsible for all aspects of the operational oversight of work delivered by our growing compliance team made up of employees and specialists from...
