New publication metrics for the FCA and PRA
7 July 2023
InsurtechUK is submitting a response to the call for proposals on new publication metrics for the FCA and PRA. The passage of the Financial Services and Markets Bill grants the Government additional powers to hold the financial regulators to further account; these include a new requirement for the FCA and PRA annual reports to include an explanation of how their secondary objectives to support economic growth and deliver smart regulatory reform have been advanced.
The Treasury launched the call for proposals to help determine what additional metrics are the most appropriate for the regulators to publish to demonstrate they are facilitating economic growth and international competitiveness as part of these secondary objectives