FCA Updates Guidance For Motor Finance Sector – Another 3 Months Grace
The Financial Conduct Authority (FCA) has today announced proposals which would provide continued support for users of motor finance and high cost credit products, who [...]
FCA
FCA Reveals More CryptoAsset Buying – Is It Time Insurers & MGAs Got Stuck In?
An estimated 2.6 million UK consumers have bought cryptoassets at some point, new FCA research reveals. As UK banks continue to offer abysmal interest rates and the stock [...]
Latest Senior Jobs & Insurance Sector Recruitment News 30.06.2020
We thought it was about time we had a round-up of senior appointments and industry moves. We do get lots of appointments news and struggle to fit them all in, but if you have [...]
Business Interruption; Law Firm Allowed to Engage with FCA Test Case
The battle over refused Business Interruption insurance claims in the UK is hotting up, with upmarket law firm Mishcon de Reya representing many companies disgruntled at QBE, [...]
FCA Gives Commerzbank a £37m Fine for Money Laundering #Fail
The FCA has today fined Commerzbank AG (London Branch) £37,805,400 for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 [...]
FCA Hits Lloyds & Bank of Scotland With £64m Fine
We don’t usually cover news from the UK banking sector, but this is huge. Bigly. The Financial Conduct Authority (FCA) has today fined Lloyds Bank plc, Bank of Scotland [...]
Mactavish Reaction to FCA Update on Business Interruption Claims
The FCA has today (10th June 2020) provided an update on its High Court test case concerning business interruption (BI) insurance, and published documents relating to this. [...]
FCA Offers Updated Guidance To Insurers on Covid-19
The Financial Conduct Authority (FCA) is today confirming guidance for insurance firms to consider the impact of coronavirus (Covid-19) on the value of their insurance [...]