Le Livret Conformité passe à l'anglais : find out our new Compliance Booklet !
Le Livret Conformité, regroupant les principales réglementations qui impacteront demain les acteurs du milieu bancassurantiel, est maintenant disponible en anglais !
The Compliance Booklet, that gathers the main regulations that will impact insurance and financial services industries, is now available in english !
Regulations in both banking and insurance institutions have significantly evolved over the past ten years. The entire value chain has been affected, including, but not limited to, product design, distribution, corporate management, assessment of own funds, anti-fraud measures, and protection of personal data. Generally speaking, an overall strengthening of customer protection and alignment of insurance regulations to that of the banking industry can be observed in Europe.
Following the principle «Law without enforcement is of no value”, there has been a significant enhancement of regulatory authorities’ control and enforcement powers.
These regulations represent a transformation grossly underestimated by corporate management who often take a “wait and see” approach when dealing with compliance issues. We believe that companies have an incentive to proactively anticipate the operational impacts of regulations and make upstream decisions to ensure that they are properly prepared.
Through our Compliance booklet, we wish to provide you with further information through factsheets describing the details and impact of what we consider to be the main current or pending regulations in both the banking and insurance industries.