FCA discussion paper on impact on consumers
The regulator has released a discussion paper on how it intends to assess the impact of its interventions on consumers, firms and markets. The paper outlines why the FCA conducts post-impact evaluation; how specific interventions to study are chosen; and how it seeks to conduct evaluations that are robust, impartial and credible.
Feedback from stakeholders is requested by 1 June 2018.
View the paper at: bit.ly/2H4sTcR
The Treasury Select Committee has published its report on the Solvency II Directive – the harmonised EU-wide insurance regulatory scheme.
Sam Woods,deputy governor for prudential regulation and CEO of the PRA, has sent a letter concerning contingency planning to the CEOs and Branch Managers of banks
Sam Woods explores the Prudential Regulation Authority’s (PRA) role in maintaining “a resilient insurance sector which does not pass risks back to policyholders when they crystallise”.