regulation

FCA Suggests More Help For Borrowers, Extended Deferment, Freezes etc.

19 June 2020 // 0 Comments

The Financial Conduct Authority (FCA) has today announced proposals which would provide continued support for users of certain consumer credit products, who are facing a [...]

FCA Gives Commerzbank a £37m Fine for Money Laundering #Fail

17 June 2020 // 0 Comments

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 [...]

Mactavish Reaction to FCA Update on Business Interruption Claims

10 June 2020 // 0 Comments

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. [...]

ABI Welcomes Trade Credit Support

4 June 2020 // 0 Comments

Latest statement from the Association of British Insurers; The ABI welcomes today’s Government announcement of a temporary, government-backed reinsurance scheme to help [...]

Atradius Welcomes Trade Credit Initiative By UK Government

4 June 2020 // 0 Comments

Leading Trade Credit Insurer Atradius welcomes the announcement by the Department for Business, Energy and Industrial Strategy that the UK Government has launched a [...]

Should The EU Look at Impact of GDPR on Insurers & Tweak the Rules?

27 May 2020 // 0 Comments

The official EU-wide federation for reinsurance is hinting that GDPR and its implmentation may need further tweaking. Here’s the official statement, issued recently; On [...]

FCA Statement on Relaxing of Capital Funding Rules During Corona

8 April 2020 // 0 Comments

The events surrounding the coronavirus (Covid-19) pandemic are unprecedented. The impact on people’s health and the health of companies in the real economy is significant [...]

FCA Guidance on Debt Could Affect DD/Monthly Insurance Policies

2 April 2020 // 0 Comments

The Financial Conduct Authority (FCA) has today proposed a range of targeted temporary measures designed as a stop-gap to quickly support users of certain consumer credit [...]