Biba calls for "appropriate and proportionate" regulation
The British Insurance Brokers’ Association (Biba) has formally responded to the HM Treasury consultation paper on a new approach to regulation.
Biba prepared and submitted a formal two-part response – based on the comments of a cross-section of members.
Biba responded to the questions in the consultation paper and additionally provided a paper providing both quantitative and qualitative comments on the current Financial Services Authority regime.
Putting the response into context, Eric Galbraith, Biba chief executive, said: “Insurance brokers pose a low risk to the objectives of the Consumer Protection and Markets Authority and care
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