The Bank of England has announced its climate stress test exercise for the financial services sector will be held in June 2021.
Climate stress test launch -
The stress test is a tool to (i) measure the risks faced in...more
In its 2020/21 Business Plan, the FCA states its aim to move towards a regulatory approach that's increasingly focused on end outcomes for consumers, markets and firms. The Business Plan reflects this approach, honing in on...more
4/8/2020
/ Banks ,
Big Data ,
Business Plans ,
Climate Change ,
Consumer Credit Protection ,
Coronavirus/COVID-19 ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Services Industry ,
Payment Systems ,
Small and Medium-Sized Enterprises (SMEs)
The fair treatment of vulnerable customers is a key priority for the FCA. It is an important topic not least because the FCA considers that half of UK adults (25.6 million people) display one or more characteristics of...more
11/20/2019
/ Auto Insurance ,
Consumer Financial Products ,
Consumer Insurance Products ,
Duty of Care ,
Fair Price ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Legislative Agendas ,
Liability Insurance ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Standards ,
Transparency ,
UK ,
Vulnerable Victims
The FCA’s Thematic Review into GI insurance distribution chains (published on 10 April 2019) has concluded that certain GI sector manufacturing, sales and distribution approaches can lead to customers purchasing inappropriate...more
From 1 April 2019 two significant changes take effect:
- The jurisdiction of the FOS is extended to cover small and medium-sized enterprises, certain charities and trusts and personal guarantors; and
- The FOS award...more