Cleaning up the market
The broking sector has proven itself able to cope with the demands made by the Financial Services Authority. Liz Booth examines the regulator's strategy for dealing with the minority that have failed
Since the Financial Service Authority (FSA) became responsible for the regulation of general insurance, the industry has been working hard to comply with the new standards. The good news is that, despite a raft of options available to the regulator, the broking sector has proven itself able to cope with the new demands.
Steve White, head of compliance and training at the British Insurance Brokers' Association (Biba), says "enforcement is a very expensive tool for the FSA to use, and the insurance
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