Regulation possibility is the stuff of 'nightmares'

The Association of Risk Managers (Airmic) is seeking an urgent meeting with the Treasury after the Financial Services Authority (FSA) stated they were unable to conclude that group risk management companies are not carrying out regulated activities by way of business.

Retiring Airmic chairman Nick Chown had told the association's annual conference in Manchester last month that indecision by the FSA and Treasury over whether risk managers should be regulated - along with brokers - was wasting time

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