Lessons to learn from FSA
That broker favourite, the Financial Services Authority (FSA), has taken a bit of a pasting from the Treasury Select Committee which described the soon to depart regulator as too expensive, aloof, bureaucratic and unable to protect customers.
The committee went on to make several recommendations as to how the Financial Conduct Authority (FCA) should approach regulation when it takes charge. We asked the British Insurance Brokers’ Association’s regulatory expert, Steve White (pictured above), to pick out the ones that matter and give us an idea of what they might actually mean for brokers were they adopted.
* Recommendation: It is important that the new regulatory bodies established by the government do not
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