Financial Conduct Authority (FCA)

FSA ready for new regulation but at extra cost

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.

So long, brave new dawn

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.

Lessons to learn from FSA

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.

Thoresen urges FCA to tone down the rhetoric

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.

Reportage: And a happy new year?

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

Voice of the broker

Lord Turner’s views on the regulation of the market will undermine the future of the broking industry, says Ashwin Mistry

Lord Turner calls for debate on higher FCA costs

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”.

What The Papers Say - September 2011

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.

Broker trade bodies want lower regulatory barriers

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.

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