The Financial Conduct Authority (FCA) has warned that a no-deal Brexit would create significant challenges and risks for the UK’s financial services sector.
In a letter to the Treasury Select Committee, FCA chief executive Andrew Bailey highlighted that the challenges would relate to firms’ readiness, potential market disruption and insufficient public-policy solutions put in place on the side of the EU.
“From the perspective of our objectives we strongly support an implementation period and
The Insurance Age team examine the most read stories for the week commencing 3 June 2019.Subscribe to our daily newsletter for all the latest news
- Elite proposes solvency scheme to avoid liquidation
- IFB launches counter fraud database
- Motor market records best year since 1985 ahead of troubled future, says EY
- Momentum Broker Solutions unveils 2018 results
- Broker Network owner set to make more deals with fresh funding
- Brokers call on HMRC to reform IPT
- Two TMK executives resign amid fresh sexual harassment claims at Lloyd's