Uncertainty around what the incoming Financial Conduct Authority (FCA) wants from the broking industry is causing the greatest concern in the market and greater clarity must be given before damage is done.
The British Insurance Brokers' Association (Biba) has appointed Deloitte to undertake a strategic review of the organisation as it looks to position itself for the next five years.
The Financial Services Authority (FSA) has vowed to maintain its policy of intensive supervision and will continue to implement European regulatory directives as it releases its final business plan before it is disbanded.
Hector Sants will step down as CEO of the Financial Services Authority (FSA) at the end of June 2012.
Hector Sants, chief executive of the Financial Services Authority (FSA), has revealed that the the much-vaunted ‘twin peaks’ regulatory model will be up and running by April this year resulting in greater costs being imposed upon financial services.
The FSA is looking for nearly £580m in fees from the industry in its final year of existence, a 15% increase on the previous year.
The Financial Services Authority (FSA) has requested £578.4m in funding for 2012/13, a 15.6% increase on this year.
“It’s not that I want to make you all feel bad it’s just that, for brokers, there hasn’t been a lot to be cheerful about”
That broker favourite, the Financial Services Authority (FSA), has taken a bit of a pasting from the Treasury Select Committee which described the soon to depart regulator as too expensive, aloof, bureaucratic and unable to protect customers.
The Financial Conduct Authority (FCA) needs to make better, bolder, faster decisions and will not lie back and let financial markets run themselves.
Otto Thoresen, director general of the Association of British Insurers (ABI), has called on the Financial Conduct Authority (FCA) to engage with balanced rhetoric to head of a confrontational relationship with the industry.
The British Insurance Brokers’ Association (Biba) has welcomed the Treasury Select Committee’s report on the Financial Conduct Authority (FCA).
The Financial Services Authority (FSA) is too expensive, aloof and bureaucratic and does not protect consumers from regulatory failure.
A tough 2011 looks likely to be followed by another 12 months to forget, but there are some things to look forward to, writes Caitlin Morrison
Lord Turner’s views on the regulation of the market will undermine the future of the broking industry, says Ashwin Mistry
Brokers have been warned that the Financial Services Authority’s (FSA) long-promised new intrusive approach is already here and that it is not “pussyfooting around anymore”.
Lord Turner, chairman of the Financial Services Authority, has called on parliament to give the Financial Conduct Authority (FCA) “the powers and teeth to act early to intervene and prevent customer detriment from occurring”.
Delegates at the inaugural Broker Expo South event have been warned that the new regulator will be a more dangerous and unpredictable animal and that brokers should prepare themselves for more intrusion.
In this month's edition Paul Anscombe, managing director of Seventeen Group joins Insurance Age's Liz McMahon and Emmanuel Kenning to discuss the latest news stories in insurance.
The Institute of Insurance Brokers (IIB) has called for “fundamental regime changes” in regulation.
The new regulatory regime could have a very different complexion to the current watchdog, explains Terence Clark
The British Insurance Brokers’ Association (Biba) and the Institute of Insurance Brokers (IIB) have called for regulatory barriers to be lowered and for the current inappropriate style and intensity of regulation to be reformed.
More financial services businesses are being forced to amend or withdraw advertising material following intervention by the Financial Services Authority (FSA) as it clamps down on misleading adverts, Reynolds Porter Chamberlain (RPC) has claimed.
The Financial Services Authority’s (FSA) post-crisis clampdown may be harming the UK’s international competitiveness, according to research among senior financial services executives.