We need to better understand the emerging risks and opportunities so that the huge benefits to consumers are captured and the important harms mitigated. Firms need to do more to make financial services work well for consumers. Our aim is to set clearer and higher expectations for the standard of care and customer service https://www.yardbarberusa.com/ firms give consumers. We will also work with the Government and wider partners to support financial inclusion within financial services. We have included an outcome and metrics which reflect our current focus on access to cash. We also made some modifications to our existing Executive Procedures framework.
Potential fragmentation of the value chain, due to more outsourcing of processes to InsurTechs, could lead to reduced access and oversight to these functions for both insurers and regulators. So far, losses incurred have been small in proportion to balance sheets, but in the coming year there will … Read More