The Financial Conduct Authority has set out plans to expand the use of open finance in the UK, with proposals that would give businesses greater access to consumers’ financial data. The regulator said a priority area will be improving access to finance for small and medium-sized enterprises. The plans come amid increased attention on data security risks across financial services

Financial services firms are being urged to assess whether their incident response capabilities can meet new cyber reporting requirements confirmed by the Financial Conduct Authority alongside the Prudential Regulation Authority and the Bank of England.

A revised version of the environmental management systems standard BS EN ISO 14001 has been published by the BSI. The new edition is intended to provide a framework for organisations to respond to environmental challenges while strengthening performance, resilience and stakeholder confidence.

Willis has launched a new end-to-end risk solution for datacentre owners and operators, as the rapid expansion of digital infrastructure driven by artificial intelligence increases demand for tailored cover.

Lloyd’s of London remains a compelling proposition for investors, supported by robust syndicate performance and improving balance sheet strength, according to analysis from the Lloyd’s Market Association and Insurance Capital Markets Research.

Pool Re has launched an incentive scheme aimed at increasing uptake of terrorism insurance among small and medium-sized enterprises across Great Britain. The scheme will offer discounts on reinsurance costs to members that reintegrate terrorism cover as standard across SME commercial property policies. Members can apply this across part or all of their SME portfolios, with reduced pricing linked to the relevant reinsurance element placed with Pool Re.