LMA – Financial services and markets bill

The insurance industry has argued for many years for growth and competitiveness to be included as regulatory objectives in financial services reform, which has now materialised as the Financial Markets and Services Bill. This has now been accepted, albeit as secondary aims. Chancellor Nadhim Zahawi outlined the bill’s primary aims of financial stability and consumer protection. The LMA believe that all four of these aims are of primary importance and could create a London market that is stronger and more attractive than ever.