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ABI issues regulatory overlap warning

Otto Thoresen

The Association of British Insurers has warned that the new financial regulatory authorities could lead to dual regulation for its members.

The ABI has called for co-ordination between the Prudential Regulation Authority and the Financial Conduct Authority to ensure minimal regulatory overlap for the insurance industry.

The comments come

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FCA looking to address issues on claims definitions

Andrew Ruddle, the Financial Conduct Authority’s interim head of the department for insurance market analysis and policy, has said the regulator is looking at addressing issues about different claims definitions within insurance.

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