Reportage - Coping with regulation: A regulatory health check

Whether they choose to call in a consultant, turn to their network or go it alone, brokers have a few options available to them when it comes to handling the pressures of regulation. Edward Murray explores the pros and cons of the different approaches.

On 18 October the curtain came down on the Treasury's consultation on the implementation of financial regulation reforms that will ultimately do away with the Financial Services Authority (FSA).

Whether this change of the guard actually leads to a change in the rules, the way they apply to firms and the mandatory requirements they are forced to meet, remains to be seen. However, it seems unlikely that living a compliant life will get any easier for insurance brokers.

Some have complained that

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