Biba's new compliance chief urges FCA to back off brokers
The new compliance chief of the British Insurance Brokers' Association (Biba) David Sparkes has vowed to fight for more "proportional regulation".
In his first interview after a month in the role, David Sparkes, revealed to Insurance Age that he has already told the Financial Conduct Authority (FCA) to tone down its focus on brokers.
He cited the eight insurance broker reviews ongoing and warned that the trade body is aware there are "more in the pipeline".
"Where is the proportional regulation that Martin Wheatley [FCA chief executive] promised us at the Biba conference?" asked Sparkes.
Failures
"[Especially] when you consider that the
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