FCA's Andrew Bailey warns passporting issue must be solved

Andrew Bailey

Andrew Bailey, chief executive officer of the Financial Conduct Authority (FCA), has urged the government to solve the problem of passporting rights post Brexit.

Speaking to Bloomberg, Bailey stated that passporting rights are “critical” to maintaining insurance contracts between the UK and the rest of the European Union.

He further highlighted that the problem is solvable, but “if it isn’t solved it is a big issue”.

“If the passporting both inwards and outwards of the UK falls away without a

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: