InSure — April 2014: general — the FCA Risk Outlook and Business Plan; Flood Re cover; and more
The FCA Risk Outlook and Business Plan 2014–15
The Financial Conduct Authority (FCA) published its Risk Outlook on 31 March, which sets out the FCA’s approach to assessing risks to its objectives and how these risks may affect financial markets. Based on this review, the FCA intends to focus on the following areas that are of relevance to the insurance industry:
- Technological developments (how these may outstrip firms’ investment, consumer capabilities and regulatory response)
- How poor culture and controls may threaten market integrity
- How large back-books may lead firms to act against their existing customers’ best interests
- Terms and conditions that may be excessively complex
Firms are expected to reflect the above risks in their own current or future business plans and strategies…
Click on the link below to read the rest of the Addleshaw Goddard briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
InCredit — new controller form for intragroup transactions; PPI complaints set to continue; and more
Addleshaw Goddard’s weekly publication provides information on current retail finance issues, regulatory and legislative developments, market watch and ASA adjudications.
Data Issues Roundup — firm warned to stop nuisance text messages; EU ruling on CCTV; ICO's privacy seals; and more
Addleshaw Goddard has released the 19 January 2014 issue of its Data Issues Roundup .
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?