Video: the impact of regulatory structure reforms
Jonathan Evans MP and chairman of the All Parliamentary Group on Insurance & Financial Services, meets Incisive Media’s David Worsfold to discuss the impact of the proposed reforms of the regulatory structure on the insurance and retail financial services sector, and the importance of ensuring there are no undue burdens placed on smaller firms, especially general insurance brokers and IFAs.
Also discussed is the challenge faced by the government to create a new structure that identifies and understands the systemic risk inherent in some banking activities, and to put in place the appropriate powers to ensure prudential regulation works effectively.
While the importance of the UK becoming properly engaged with the international debate, especially with Europe and the review of the Insurance Mediation Directive is another topic on the agenda.
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