European issue.

Whilst discussions currently concentrate on the suitability of the IIB to administer the IBRA, we sh...

Whilst discussions currently concentrate on the suitability of the
IIB to administer the IBRA, we should not lose sight of the government's
objective which is for a self-regulatory regime to be operated by the
insurance industry. I think most would agree the current act had become
out of line with current market practice and conditions.


The government's move to self-regulation appears to be at variance with EC
law. Our company recently learned of an international motor manufacturer
who was fined

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Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.