FCA outlines key drivers of harm for Lloyd’s and London Market in new ‘Dear CEO’ letter

By Insurance Times 2020-11-04T17:38:00

The letter, which is targeted at Lloyd’s and the London Market intermediaries and MGAs, provides an overview of the areas of focus within the regulator’s supervision strategy

The FCA has published a ‘Dear CEO’ letter addressed to Lloyd’s and London Market intermediaries and MGAs outlining what it believes are the key risks of harm across this marketplace for customers.

Forming part of the FCA’s supervision strategy, the letter – published on 3 November – further informs firms how they should be mitigating the specified key risks and clarifies what the regulator expects of them.

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