‘No bonfire’ of UK insurance regs post-Brexit but potential move towards principle-based rules, says FCA

There will be “no bonfire” of UK insurance regulations post-Brexit, but the Financial Conduct Authority (FCA) believes it is an opportunity to consider a move towards more principle-based, rather than detailed, rules, according to its director of general insurance and conduct specialist supervision. Addressing the British Insurance Brokers’ Association Conference this week, Karina McTeague also said the FCA continues to…

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