Biba urges FCA to be "quicker off the mark" in tackling online fraud
Industry responds after the regulator fails to stop clone broker on Facebook.
The British Insurance Brokers’ Association (Biba) has urged the Financial Conduct Authority (FCA) to act faster to stop fraudulent activity online, following the news from last week that the regulator had failed to stop a clone broker on Facebook.
Biba executive director Graeme Trudgill told Insurance Age: “The FCA does police the perimeter, but as this episode demonstrates you could argue that they could be quicker off the mark with something like this, than perhaps they have been.”
The FCA
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