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Lloyd's: FSA confirms prudential demands

The FSA today finally confirmed its proposed new rules on how much capital Lloyd's insurers will need to set aside to write new busines, due to come into force at the end of this year.

The Financial Services Authority (FSA) took a further step forward today to implementing its new prudential requirements for insurance business conducted at Lloyd’s.

David Strachan, FSA insurance

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FCA’s Knight insists CPD changes are not a relaxation

The Financial Conduct Authority’s decision to ditch its 15-hour-per-year continuing professional development requirement for insurers should not be viewed as a relaxation of standards, according to the regulator’s director of insurance, Chris Knight.

Big Interview: Chris Knight, Financial Conduct Authority

The Financial Conduct Authority’s new director of insurance, Chris Knight, speaks exclusively to Insurance Post about premium finance, why enforcement action against firms that fail to comply with the Consumer Duty is looming plus whether the watchdog could soon scrutinise ChatGPT.

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