FSA sees the regulation light regarding insurance handling
The insurance industry has been given some breathing space with the news that the Financial Services Authority (FSA) has recognised that banks and insurance companies need to be regulated differently.
FSA chairman Adair Turner told delegates at the Association of British Insurers' annual conference that as insurance companies were not as exposed to the recent market turmoil, they were "in a stronger position to meet the challenges of the current economic environment. Insurers entered this
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