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Economic Secretary Emma Reynolds supports calls for proportionate regulation

Treasury minister Emma Reynolds

At the British Insurance Brokers’ Association manifesto launch Economic Secretary to the Treasury Emma Reynolds stated regulation “must be proportionate”.

She explained that although it is important to have “strong and effective regulation”, it must not hinder the growth and competitiveness of individual firms and the sector as a whole.

Related‘Not right’: Biba CEO Trudgill reveals sad letter of small broker crushed by regulation 

Reynolds, pictured, took up the role on Tuesday following Tulip Saddiq’s resignation.

Speaking at the Biba reception at the Houses of Parliament yesterday, Reynolds said: “The financial regulators now have a secondary

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