Regulator's gaze falls on wholesale insurance
Regulator is already engaging with insurance trade bodies about wholesale insurance.
The Financial Conduct Authority (FCA) is shifting its gaze towards the regulation of wholesale insurance, a compliance expert has revealed.
Suneeta Padda, head of compliance at Howden, told delegates at an Advantage Regulation forum, that the regulator's focus has switched to the wholesale sector.
She said: "The FCA are engaging with a number of trade bodies in the insurance sector to get an understanding of the proportionality of wholesale regulation, it is very new for the regulator to look at
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