Being better informed: October 2023

September kicked off autumn in earnest, with a number of significant developments as regulators strived to meet both their end of Q3 deadlines, and the busy 2023 regulatory agenda. The FCA and PRA consulted on a new regulatory framework for Diversity & Inclusion (D&I) in financial services, comprising a wide range of significant proposals.

In the insurance sector, the PRA issued its second major Solvency II review consultation, and the FCA set out its insurance supervisory priorities for the next two years in three portfolio letters. The FCA also set out its priorities for the wholesale banking sector in a portfolio letter. Meanwhile, retail banks, building societies and payments firms will be interested to read the FCA’s initial findings of work to investigate concerns regarding the closure of bank accounts. 

Download this edition of Being better informed to read more on these developments and for a comprehensive summary of all the regulatory updates from the past month.