The committee welcomed Lloyd’s new CFO, Jim Bichard, who outlined priorities around capital, growth, technology and market engagement. Updates were provided on QMA Delta, reporting simplification and the development of a market-wide reporting standard for capital providers.

Members discussed year-end tagging feedback, experiences from the PRA DyGIST exercise and key findings from the finance talent survey. The Finance Next Gen group highlighted plans to focus more heavily on AI and technology, while committee updates covered asset infrastructure, partial internal models, sustainability requirements and international tax developments.

The meeting concluded with updates on US dollar reporting proposals and the establishment of a new LMA Credit Controls Committee.