Insurance Brokers

It’s been over a month since the arrival of SM&CR. How can firms ensure that SM&CR becomes ‘business as usual’ in 2020, and not something they need to be concerned about?

The FCA has reminded firms that, from 31 January 2020, they must check, amend or confirm the accuracy of their Firm Details annually via the Connect portal.

The FCA has announced the appointment of Christopher Woolard as Interim Chief Executive, following the departure of Andrew Bailey.

The 23rd Annual Global CEO survey from PwC was launched yesterday, indicating a record level of pessimism from CEOs around the world. This is in stark contrast to 2018, when there was record level of optimism. What can we learn from this?

Operational resilience is “the ability of firms and the financial sector as a whole to prevent, adapt, respond to, recover and learn from operational disruptions.” The FCA is consulting on how firms can build operational resilience.

The team at RWA has compiled its quarterly review of the FCA’s communication documents, covering the period from October to December 2019. Take a look and keep up to date with the latest FCA documentation.

The FCA has issued a ‘Dear CEO’ letter warning managers in general insurance to be proactive in tackling issues of non-financial misconduct.

The FCA has recently been contacting firms to remind them that their firm details on Connect need to be checked at least once a year.

2019 in the general insurance world, saw the extension of the Senior Managers and Certification Regime (SM&CR) to FCA solo-regulated firms. What impact will this have and what can we expect on the regulatory horizon?

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