Financial Services Authority (FSA)
FSA consults on competence
The Financial Services Authority has today published proposals to strengthen its requirements on competence for individuals carrying out retail activities, while placing more emphasis on standards of ethical behaviour.
J P Morgan Securities fined £33.32m by FSA
The Financial Services Authority has fined J P Morgan Securities £33.32m for failing to protect client money by segregating it appropriately.
ELTO success not dependent on FSA
The insurance industry has continued to back the formation of an Employers’ Liability Tracing Office, despite concerns about the future of the Financial Services Authority.
View from the top: Solvency 2 - Insurance 0
Ask me what business I am in right now and I will say 'Solvency II'. Because, when I check my diary, I see a wall of meetings geared towards ensuring Groupama's compliance with the UK version of the new European solvency and risk management regulations.
British Gas hires Hutton
British Gas Insurance has named the chief executive designate it hopes will help the company fulfil its ambition of becoming a top-10 UK player by the end of 2011.
RBSI boss predicts tide turn for affinity
The chief executive of Royal Bank of Scotland Insurance has insisted that the "tide will turn" for its affinity arm.
FSA extends PPI referrals
The Financial Services Authority has introduced a temporary rule to allow payment protection insurance policyholders more time to refer complaints to the Financial Ombudsman Service.
ABI levy 'disappointment'
The Association of British Insurers has revealed its disappointment at the Financial Services Authority's regulatory fees and levies for the next financial year.
Lib-Con targeted FSA to recruit 460 more staff
The Financial Services Authority has confirmed that its annual funding requirement for 2010/11 is £454.7m following a consultation.
FSA extends PPI complaint time
The Financial Services Authority has introduced a temporary rule to allow payment protection insurance policyholders more time to refer complaints to the Financial Ombudsman Service.
80% of insurance industry applies for ELTO membership
Four in five EL insurance firms have applied for voluntary membership of the Employers’ Liability Tracing Office.
Solvency II - P&I Clubs: No going back
P&I clubs depend on their ability to call on members for additional cash. Alistair Groom asks whether Solvency II will increase the likelihood of any supplementary summons.
FSA in limbo as coalition puts Bank of England in charge
The coalition government has granted macro-prudential regulation of financial services to the Bank of England to rectify the "defective" tripartite system, according to the Treasury.
Law firm warns government against hasty reform of financial institutions
Beachcroft has warned the government against trying to rush through financial reform "in pursuit of favourable headlines".
BIBA 2010: Willis CEO questions FSA's "grandfathering" of Quinn
Willis chief executive Joe Plumeri has questioned the Financial Services Authority's role in the problems revolving around Quinn Insurance.
Finance raising - IPOS: Lack of activity
Marsh recently predicted an increase in initial public offerings. Amy Ellis looks at what is actually happening and the impact on the wider insurance community.
Uncharted waters lie ahead in a sea of change
As we enter the uncharted political waters of a coalition government, it is perhaps worth noting that the current uncertainty is really nothing more than the continuance of a process of change that has been going on for well over two years, to which some…
Confusion over FSA prompts calls for government rethink
The insurance industry has called on the government to review its regulatory proposals, after plans to scrap the Financial Services Authority were thrown into confusion.
FSA corruption warning
The Financial Services Authority has warned of brokers exposure to corruption in its review of anti-bribery and corruption systems and controls.
Broker turned MP slams former Labour regime as a "nightmare"
Former insurance broker and new Conservative MP Andrew Stephenson has described being an intermediary under the Labour government as a "nightmare".
FSA issues warning of broker exposure to corruption
The Financial Services Authority has published the findings of its recent review of anti-bribery and corruption systems and controls in commercial insurance broker firms.
Hoban's role in new Treasury team confirmed
The new Chancellor of the Exchequer George Osborne has named his Treasury team.
Chartis: FSA, SFO and HSE investigations of most concern
Companies are most concerned about the threat of investigations by official bodies, according to delegates at a seminar held by Chartis Insurance UK.
Fraud - Customer knowledge: Getting to know you
With identity fraud a growing problem, Stephen Teeling argues the case for insurers to follow banks in validation techniques and ask for more information.