LM1 Chapter 7 - Regulatory processes, systems and controls Flashcards
1
Q
Who regulates the whole UK insurance industry?
A
FCA and the PRA
2
Q
Characteristic of London Market business
A
Significant amount of business comes from outside the UK
3
Q
What is OFAC?
A
Office of Foreign Assets Control
4
Q
What is the OFSI?
A
Office of Financial Implementations
5
Q
What is the OFSI responsible for?
A
Implementation and administration of international financial sanctions
6
Q
A
