Biba applauds Conservative caution over dismantling the FSA


The British Insurance Brokers' Association (Biba) has said it welcomed the recent clarification by George Osborne, the Shadow Chancellor of the Exchequer, where he promised to move cautiously in dismantling the Financial Services Authority (FSA).


Eric Galbraith, Biba chief executive officer, said: "Following publication of the Conservative White Paper From Crisis to Confidence: Plan For Sound Banking, we responded setting out our high level concerns for the insurance intermediary industry. We

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