Financial Conduct Authority (FCA)
Who regulates the regulator?
We’ve been awaiting the findings out the Davis Report ever since that fateful Telegraph article which saw millions of pounds wiped of the value of shares for the major insurers.
FCA investigation cost £3.8m
Total costs include £2.04m for the Clifford Chance Review and £1m for advice to the FCA and witness representation.
Clifford Chance Review: FCA apologises
Independent inquiry leads to cut in executive's bonuses.
FCA executives to lose bonuses, reports say
Senior management set to loses bonuses as Davis Report criticism expected.
FCA warns brokers over financial crime risk management
Biba to consult with regulator to assess what can be done to improve risk management at small firms
FCA to change strategy and structure
Clive Adamson, director of supervision at the FCA, set to leave.
FCA cancels trading permission for Coffin Insurance Services
Regulator not satisfied CIS conducts its affairs in a sound and prudent manner.
FCA review prompts firms to commit to improving complaints handling
Regulator identifies areas requiring further improvement.
FCA warns brokers on financial crime risk
Regulator carried out review which shows bribery and corruption risk not managed effectively.
Swinton cooperating with FCA after fines and bans for former executives
Halpin expresses regret while Axa denies any involvement with Bowyer.
FCA fines and bans three former Swinton senior executives
Ban follows enforcement action in 2013 and Halpin, Bowyer and Clare have been barred from senior roles at FCA regulated firms.
Webinar: Regulation – The 3Rs
Insurance Age tackles regulation in this bespoke on demand web seminar for brokers.
Investigation into FCA completed, claims report
Personnel at FCA given opportunity to see report's findings.
Das suspends staff
Bristol-based firm is investigating staff following audit and has informed the FCA.
Heed the alarm: Top five warnings for brokers
Following the warnings from PwC that brokers must take on a more risk advisory role we examine other times the alarm was sounded in the broking market.
Profits down for Swinton
Broker describes 2013 performance as healthy despite reduced operating profit.
PPI complaints fall by 11%
Despite fall in number of complaints PPI still remains most problematic product with general insurance not far behind.
FCA gives formal closure notice to EPLS
EPLS Risk Solutions Ltd deemed unfit to practice as it fails to submit RMAR.
Biba to form code of conduct working group
Decision follows consultation of members.
ABI’s transparency stance welcomed by brokers
Concerns raised over implementation of insurer body’s pricing clarity drive
Experts question value of FCA’s social media consultation
Regulator’s proposed #ad Twitter hashtag rule panned by the industry
ALPS launches new broker-only tools in transit product
Provider has teamed up with Ageas to create broker-exclusive policy.
FCA bans Oldbury broker
Abdul Razzaq prohibited from working in financial services industry.
IBSC consults on FCA's conflict review
Council gets to grips with what brokers are doing around conflict issues as it publishes first discussion paper.