In January 2025, the FCA wrote to prime minister Keir Starmer about removing ’unnecessary regulation’ and reducing ’how much data some firms must provide’ – but what does the insurance industry think this could look like in practice?
Could removing “unnecessary regulation” and revising data reporting requirements help drive growth in the financial sector, as suggested by FCA chief executive Nikhil Rathi in a letter to prime minister Keir Starmer in January 2025?
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