Financial Services Authority chairman Lord Turner yesterday urged politicians to give the Financial Conduct Authority the powers to prevent the customer from being “ripped off”.
The Financial Services Authority has insisted fears it was seeking draconian power to force brokers to pay unreasonable amounts of compensation are unfounded.
Brokerbility has secured a meeting with Labour MP for Blackburn Jack Straw, pictured, next month in a bid to give him an industry perspective on referral fees.
The former deputy governor of the Bank of England Sir John Gieve has forecasted the European economy will either slowly limp along to recovery and see unemployment rise or go into complete meltdown.
Insurance and broker associations have welcomed the Government’s proposed regulatory reforms in their consultation responses. However, they have also expressed concern its plans could be too “ambitious” and potentially cause delays.
As deputy governor of the Bank of England, Sir John Gieve was in the centre of the worst financial crisis for a century. What has hindsight revealed and what are his views on the subsequent regulatory shake-up?
The two broker bodies, Biba and the IIB, have jointly called for regulatory barriers to be lowered and for the current inappropriate style and intensity of regulation to be reformed.
Brokers tend to skirt warily around telling the Financial Services Authority what its business should be and how to go about it — for good reason, as Willis might testify. But I was surprised that trade representatives were so circumspect about its…
The Financial Conduct Authority will assume responsibility for the regulation of brokers taking over from the Financial Services Authority at the end of 2012. The Institute of Insurance Brokers, the British Insurance Brokers' Association and the London &…
Mobile phone insurance is a high-frequency claims product but has been criticised by the ombudsman and consumer groups. Ralph Savage reviews the sector to discover if this niche is offering value for money.
Half of a 12 member committee charged with scrutinising the government’s draft Financial Services Bill have been identified by the House of Commons.
This morning Mark Hoban, Financial Secretary to the Treasury gave a speech to the London 100 Group at the City of London Club.
With detail emerging on what life under the Prudential Regulation Authority will look like, Mathew Rutter analyses the similarity of themes to the current approach and pinpoints potential problem areas.
The Financial Services Authority has outlined how its successor body charged with conduct and market regulation will be “tougher, bolder and more engaged with consumers".
The Financial Services Authority has clashed with the European Insurance and Occupational Pensions Authority over the Bank of England’s role in the regulation of the insurance sector.
Almost three fifths (58%) of insurance professional questioned by the Chartered Insurance Institute think that the industry’s needs have not been taken into account in the plans to overhaul the Financial Services Authority.
The regulatory burden imposed by the Financial Services Authority (FSA) on the insurance broking sector is a greater competitive disadvantage than the amount of corporation tax it pays, the British Insurance Brokers’ Association has warned.
The Association of British Insurers has warned that the new financial regulatory authorities could lead to dual regulation for its members.
Chairman of the All Party Parliamentary Group on Insurance & Financial Services Jonathan Evans talks to Mairi MacDonald about the group's priorities, progress and provocations.
A regulatory maelstrom is taking up significant management time and compliance costs of London Market companies, according to the London Underwriting Association.
The British Insurance Brokers' Association must be feeling pretty vindicated and pleased with itself right now — and justifiably so.
Margaret Cole, currently the director of enforcement at the Financial Services Authority, is set to temporarily become head of the Financial Conduct Authority – one of two new regulatory bodies to be formed in April.
The British Insurance Brokers’ Association has outlined the key findings of its Future of Regulation research at a parliamentary reception in the House of Commons, to an audience of MPs, civil servants, Lords and the industry.