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European Court of Human Rights decision blasted by claims director

The London P&I Club has warned that the 8 January decision of the European Court of Human Rights in Strasbourg in the case of Capt Apostolos Mangouras, the master of the Prestige, could seriously increase the risk of bail requirements being influenced by political considerations.

It added that the ECtHR has seemingly failed to understand that the provision of bail for criminal charges falls outside the ordinary scope of P&I cover, and has furthermore sought to justify itself

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FCA vows to keep pressure on premium finance APRs

The Financial Conduct Authority has said it will “continue to put pressure” on companies offering premium finance in a bid to continue lowering annual percentage rates after revealing the impact its enforcement action has had so far.

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.

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