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Senior managers will be able to use the FCA’s powers to vary or limit a firm’s permissions and impose requirements.
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Charlotte Gerken said Solvency II had proved a constraint to certain investments, with lengthy approval processes.
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Gallagher has pushed retention and equity awards unusually far down the organisation as it looks to keep the team intact.
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The watchdog had been due to announce a decision on a further inquiry by 29 November.
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European regulation on dividends is a “disaster” for the insurance industry and “shouldn’t repeat itself”, according to Allianz CEO Oliver Bäte, speaking during the S&P Global Ratings European insurance conference.
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Hannah Gurga joins as the new director general, replacing Huw Evans.
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The London market has been encouraged by proposals to give the FCA and PRA a statutory objective to promote competitiveness and growth.
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Regulators must be less demanding around data requirements from brokers as intermediaries make the shift towards net-zero, the London & International Insurance Brokers Association (Liiba) says.
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The Financial Services Compensation Scheme (FSCS) has confirmed it will not be calling for a supplementary levy for the remainder of the 2021-22 financial year.
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The UK Supreme Court has ruled in Google’s favour in a data protection case that could have sparked millions of payouts for Apple iPhone users and left insurers exposed to liability and cyber claims.
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The proposals include changes to the regulators' statutory objectives and enhanced accountability mechanisms.
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Financial authorities must ‘massively expand’ risk-sharing pools.