Addleshaw Goddard

UK 200 2014 position: 22

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

Sign in

Register

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

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

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.

Briefings from Addleshaw Goddard

View more briefings from Addleshaw Goddard

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

Milton Gate
60 Chiswell Street
London
EC1Y 4AG
UK
http://www.addleshawgoddard.com

Turnover (£m): 171.35
No. of lawyers: 598

Jobs