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.