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Tories: FSA consumer body will not alter plan

Mark Hoban MP

The Financial Services Authority has stepped up its intensive supervision goals for 2010, by outlining plans for a new consumer protection committee.

The regulator, which has repeatedly signalled its intent to monitor firms with a greater deal of scrutiny this year, will run the committee alongside the Office of Fair Trading and Financial Ombudsman

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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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