Law firm CMS Cameron McKenna has claimed that insurance companies will be hit hard by the Financial Services Authority’s Annual Funding Requirement due to the cost of the change in regulator.
The Prudential Regulation Authority will be more focused on reducing the impact of firm failure than the Financial Services Authority, FSA chief executive Hector Sants has revealed.
Political consultancy firm Cicero has questioned the Bank of England's ability to govern the insurance sector.
2010 was a fairly low key year for the broking market, as the sector kept a low profile during the financial turmoil. Daniel Dunkley reports on the opportunities that were taken up and deals made.
With the coalition government now set to see through its promise to abolish the FSA, Leigh Jackson reports on the possible consequences for the broking sector.
The lack of detail concerning the regulation of the Lloyd's market could mean insurers there have more influence than others over the eventual shape of their replacement regime for the Financial Services Authority.
Dan Preddy, financial services litigation partner at Beachcroft, has responded to publication of the Treasury consultation paper on financial services regulation.
This is according to Paul Edmondson of law firm CMS Cameron McKenna, speaking about the Treasury Consultation Paper on the new financial regulatory framework announced today.
The Association of British Insurers' director of financial regulation and taxation, Peter Vipond, has spoken out in response to today’s Treasury consultation.
The insurance industry has claimed it must be distinguished from the wider financial services sector under the coalition government's widespread regulatory reform.
Financial Secretary to the Treasury Mark Hoban has denied suggestions the government's regulatory reform will hamper the UK's implementation of Solvency II.