Jury still out on the FCA
Almost two months on since its inception and brokers are still trying to second guess what the Financial Conduct Authority (FCA) has in store for them.
The FCA's appearance at the recent British Insurance Brokers' Association (Biba) conference provided a glimpse of what brokers should expect, although a lot of what was said by CEO Martin Wheatley was admittedly similar to the rhetoric already reported by the business press over the past 12 months.
Warnings that firms must get their "houses in order" were also accompanied by admissions that the new regulator will tackle problems at birth rather than later down the line to prevent similar
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