FSA playing hardball over Quinn's UK return
The Financial Services Authority (FSA) is reported to be playing hard ball over Quinn's re-entry into the UK insurance market.
According to the Irish Independent it has asked the Department of Finance to provide a guarantee that UK policy-holders will not be left in the lurch if Quinn Insurance fails.
It reports the FSA want the Irish authorities to provide extra protection for UK customers before Quinn Insurance resumes operations in the UK market.
The Irish Independent said discussions were progressing yesterday, although the Department of Finance, which oversees the fund, declined to comment.
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