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Jan 27, 2017   International standards being prepared for the UK insurance industry need more work before they are fit for purpose.

Full article here.

Commenting on the keynote speech by Financial Conduct Authority (FCA) chief executive Andrew Bailey at the Economic Council Financial Markets Policy Conference, ABI director of regulation, Hugh Savill said: “Global standards are an important defence against regulatory fragmentation. But the international standards being prepared for the UK insurance industry need a lot more work before they are fit for purpose. They should not be applied to our dynamic and unique British market until they are suitable.”

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