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Compliance firm urges industry to work together for regulatory change

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Wolters Kluwer Financial Services UK managing director Dean Curtis has urged the financial services sector to pull together to ensure the Chancellor George Osborne’s regulatory changes are effective.

In a speech at Mansion House earlier this week, Mr Osborne pledged to heavily reduce the powers of the Financial Services Authority, granting the Bank of England macro-prudnetial regulatory authority

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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