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New forum agrees need to bolster communication between FSA and compliance firms

A meeting between the Financial Services Authority (FSA) and the vast majority of the UK’s firms of compliance consultants was held last week and resulted in an overwhelming agreement to enhance the professional standing of compliance consultancy firms.

The meeting was organised and promoted by the Compliance Consultants Steering Group (“CCSG”) and will now be a regular feature held every six months.

The forum was hosted and supported by the FSA and

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FCA and PRA turn spotlight on MGA oversight

The Financial Conduct Authority and Prudential Regulation Authority are sharpening their scrutiny of managing general agents, stressing insurers must take primary responsibility for businesses underwriting on their behalf.

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