Biba's new compliance chief urges FCA to back off brokers


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.

"[Especially] when you consider that the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: