Galbraith: Biba can help point gun at regulation problem areas


Mr Wheatley told the Association of British Insurers, at its recent regulation conference, that the FCA will make forward-looking judgments about firms’ business models, product strategies and how they run their business.

He claimed: “This will help us to intervene earlier to prevent problems from turning into actual harm.”

In response, Mr Galbraith said: “I recognise that the regulator will address the issues of the financial services sector in what they describe as a more intrusive manner, but

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