by Kenneth Underhill | Mar 26, 2020 | FCA, ICSR News, Lloyd's, Prudential Regulation Authority
Today the regulators have weighed in significantly to offer firms real help to get through the short-term issue of finalising their year-end. In what is to our knowledge an unprecedented statement the PRA, FCA and the FRC have issued a joint statement, which in itself...
by Kenneth Underhill | Mar 23, 2020 | FCA, ICSR News, Operational Resilience
The current pandemic has caused and is continuing to cause significant upheaval and disruption to the normal operation of the financial markets. Firms have had to dust off their Business Continuity Plans and implement them, most likely in a way which was unexpected....
by Kenneth Underhill | Mar 19, 2020 | FCA, ICSR News, Operational Resilience
Early in the Second World War, Winston Churchill is reputed to have said “this is no time for ease and comfort. It is the time to dare and endure.” The Coronavirus outbreak has had a massive impact, affecting (I suspect) every business and family. With so many of us –...
by Kenneth Underhill | Mar 6, 2020 | FCA, ICSR News, Operational Resilience
The FCA has just issued the details of the outcome of its review on outsourcing in the Life Insurance Sector. The report, a brief summary on their website rather than a detailed report, and based on a desk top review of practices at the Life insurers, makes a very...
by Kenneth Underhill | Feb 19, 2020 | Brexit, FCA, ICSR News, Insurance Distribution Directive, Lloyd's, Operational Resilience, Pricing
Released this week, ‘Sector Views’ is the FCA perspective on “the way the financial environment is changing and the impact of these changes on consumers and market effectiveness.” It gives us a clear indication of the areas where the FCA see potential risk of harm to...
by Kenneth Underhill | Dec 3, 2019 | FCA, ICSR News, Prudential Regulation Authority, Senior Managers and Certification Regime
Since the introduction of the SM&CR regime we have helped many clients through our training programs for Senior Managers and under the IDD training for other staff to get a better understanding of what it means to be subject to the Conduct Rules – whether...
