Biba welcomes Treasury FCA report

Biba chief executive Eric Galbraith

Eric Galbraith, chief executive at Biba, said that the committee should be applauded for the breadth of the report.

He commented: “As the leading trade association representing the interests of professional insurance intermediaries, we have been actively engaged with Ministers, politicians, civil servants and the regulator to discuss a more appropriate, proportionate and cost-effective approach to the regulation and supervision of our low risk yet vital sector.

“Independent research we presented

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