Managers play a risky game with regulation

At least two thirds of UK risk managers will not be regulated when new rules for intermediaries come into force next year. This follows concessions made by the Financial Services Authority (FSA) in its discussions with Airmic which represents 1,000 risk managers in the UK.Outside of three sectors where special circumstances will apply - financial services, construction and property - only a handful of companies expect their risk managers to be regulated.According to a survey of Airmic member