Houses of Parliament

What's new?

Financial Services Bill is going through Parliamentary procedure in the House of Commons

 

About

Global regulatory frameworks continue to evolve, reflecting the challenges that financial services face. These developments have direct impacts on the insurance industry and how it is regulated.

Lloyd’s Government Policy and Affairs (GPA) team monitors and seeks to influence initiatives and proposed legislation in the UK, EU and international organisations which affect Lloyd’s.

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International

The current global regulatory agenda encompasses a wide range of issues, including trade negotiations, influenced by the recent financial crisis. Lloyd's keeps a close eye on, and contributes to, developments in the following areas:

Systemic Risk
Trade Negotiations
 Global Financial Regulation: G20, FSB and IAIS
Financial Taxes and Levies
Corporate Governance and Remuneration

European Union

Legislation adopted at EU level has direct influence over UK laws and regulations. Therefore, it is crucial to monitor developments in the Commision, the Parliament and the Council to ensure that Lloyd's interests are taken into consideration.

Please click on a topic below to learn more:

Insurance
Financial Regulation
Insurance Mediation
Environment
Discrimination

The UK

We review FSA consultation and discussion papers and assess their impact on Lloyd’s. Appropriate feedback is provided to the FSA.

FSA Consultation Papers  

A key recent initiative is the UK Government’s proposal to change the way in which UK financial services are regulated, further information can be found here:

A new approach to UK financial regulation