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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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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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