Legal News

Industry and Regulators Committee calls for more flexible and proportionate insurance regulation

Published on: 07 April 2022
Published by LNB News

LNB News 07/04/2022

Document Information

Issue Date: 07 April 2022

Published Date: 07 April 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Industry and Regulators Committee has written to the economic secretary to the Treasury, John Glen MP, following its inquiry into commercial insurance and reinsurance regulation. The Committee outlined the concerns it heard from the industry about a lack of proportionality in the regulation of the London Market by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), which was described as overly demanding and burdensome.

Popular documents