Unfair to shoulder banks' failures

The Institute of Insurance Brokers (IIB) has criticised the Financial Services Authority's (FSA) regulation of insurance intermediaries, saying it has become "increasingly uncomfortable" that they are being tied in with banking regulation.

In response to the FSA's consultation paper Regulatory fees and levies 2009/10, the IIB outlined its concerns about the process by which intermediaries have been regulated and argued that brokers should not be forced to shoulder the resulting regulatory costs