IIB supports Treasury’s financial stability report

IIB responded only to those parts of the consultation which most directly affect its members. In particular, it highlighted the threat to insurance brokers and other small intermediaries as a result of their obligations under the Financial Services Compensation Scheme (FSCS).

“We have previously expressed our view that too much emphasis is placed on the FSCS as the safety net for the FSA’s own regulatory failings,” added Ms Peel. “The Northern Rock debacle has demonstrated the ineffectiveness of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: