FSA bans six for distorting financial results
The Financial Services Authority (FSA) has banned six former directors of a UK insurance company called Chiyoda Fire and Marine Insurance Company (Europe) Limited (CE) for their role in distorting the financial results of CE during 1999 and 2000. CE is currently known as Aioi Insurance Company of Europe (AE). This is the FSA's first enforcement action in relation to senior management of an insurance company.
Three individuals, Mr Yoshiaki Yamazaki, Mr Hiroshi Okazaki and Mr Robert McKibbin have been prohibited from performing any functions in relation to any regulated activity carried on by any authorisedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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