Insurance Age

FCA and PRA to strengthen decision-making processes

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    • Larry Ferguson

    • Indicative reading time: 1 minute

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Regulators have published consultation paper to address transparency and effectiveness.

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have published proposals aimed at strengthening the transparency and effectiveness of both organisations' decision-making processes.

The consultation paper explains the changes already put into the practice by the regulators and sets out the recommendations which require consultation according to both bodies.

The FCA also proposes to amend the Enforcement Guide and the Decision Procedure and Penalties Manual to

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