Posts Tagged
‘“Regulation”’

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December 13, 2024

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Categories: Blog

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Tags: "Regulation"

The FCA’s latest focus areas under Consumer Duty provide key insights into their regulatory priorities. This update challenges firms to assess how well they are embedding the Duty into their operations while addressing emerging risks and improving consumer outcomes.

December 3, 2024

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Categories: Blog

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Tags: "Regulation"

The FCA’s latest updates to the Financial Crime Guide highlight crucial changes impacting firms, particularly in areas like sanctions, transaction monitoring, and cryptoassets. With a strengthened focus on aligning controls with evolving risks, businesses must evaluate their financial crime systems and adapt to these changes. Proactive action is essential to meet the FCA’s expectations and avoid penalties as regulatory scrutiny intensifies.

November 20, 2024

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Categories: Blog

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Tags: "Regulation"

Rachel Reeves’ recent speech highlighted the government’s focus on recalibrating financial regulations to promote economic growth while maintaining high standards. With significant changes proposed, including consultations on the Senior Managers and Certification Regime (SMCR) and modernizing the Financial Ombudsman Service, firms should assess the potential impact of these updates. As regulatory developments unfold, businesses must remain proactive in adapting to new requirements.

November 5, 2024

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Categories: Blog

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Tags: "Regulation"

The FCA’s latest Culture and Non-Financial Misconduct Survey sheds light on a critical area for firms across the insurance and financial sectors: non-financial misconduct and its detection. With findings revealing only 6% of misconduct is reported through whistleblowing in our sector, it’s clear that fostering a transparent and accountable workplace culture is more essential than ever. Dive into the survey’s key insights, implications and actionable steps firms can take to align with FCA expectations.

September 18, 2024

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Categories: Blog

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Tags: "Regulation"

In August, the FCA released its 2023 general insurance value measures data, revealing key insights into the proportionality of claims costs and premiums across various insurance products. With a focus on fair value, firms must assess their compliance with PROD 4 and ensure that their pricing and distribution frameworks align with regulatory expectations to avoid potential risks of harm.