Michael Sicsic: A look at the final consumer duty rules
What do the latest consumer duty rules mean for the insurance industry and is the FCA changing its approach to regulating the industry? Michael Sicsic, Managing Partner, Sicsic Advisory and ex-FCA staffer speaks to Insure TV on this and more. We cover: The key takeaways from the FCA’s final consumer duty rules Whether a phased implementation marks a shift in strategy for the financial watchdog How achievable the timeline is proposed by the FCA
Michael Sicsic: ‘Consumer Duty is the FCA’s flagship reform’
Michael Sicsic, Managing Director of Sicsic Advisory and ex-head of supervision for the general insurance retail sector at the FCA, speaks on Consumer Duty, how the FCA is shifting its regulatory approach and how it could act if regulation is not abided to.