Financial Conduct Authority (FCA)
The Financial Conduct Authority is the conduct regulator for 59,000 financial services firms and financial markets in the UK and the prudential supervisor for 49,000 firms, setting specific standards for 19,000 firms.
Industry welcomes “regulation heavyweight” to FCA role
Insurers broadly applaud Andrew Bailey’s appointment to the top job at the FCA, but brokers express concern over the regulator’s promotion of an “establishment” figure
The FCA's pressure on smaller brokers
Ida Axling looks into the issue of disproportionate regulation.
FCA welcomes NAO report on mis-selling
Regulator says it accepts the findings.
NAO issues warning on FCA's value for money over mis-selling
National Audit Office says the FCA cannot be confident that its actions are reducing the overall level of mis-selling.
Concordia launches Broker Protect
MGA says product is specifically designed for brokers and covers employment-related risks.
Smaller brokers are being pushed out of market, says MP
Politicians and Biba criticise FCA for burden of regulation on insurance brokers.
MP criticises distorted FCA funding in Parliament
Former broker Craig Tracey MP says FCA regulation of the insurance industry is not proportionate.
FCA, FOS, FSCS branded “not fit for purpose”
MPs raise Early Day Motion in Parliament.
Is the FCA too obsessed by price?
There is more to insurance than price alone and the regulator’s price comparison suggestion should be opposed, argues Tony Cornell
FCA hands out £15.5m of fines for solicitors’ PI and other insurance schemes’ failures
First ever fine for a person for undertaking FCA regulated activities without approval.
Broking Break: Your top five on Friday
What has been the most interesting news this week? Catch up with our most read stories in our weekly roundup.
New FCA boss says no return to "shoot first" mentality
Andrew Bailey to take softer approach than Martin Wheatley.
Biba welcomes new FCA boss
Brokers admit to not having heard of new appointee.
FCA head revealed
Andrew Bailey will become chief executive of the Financial Conduct Authority replacing Tracey McDermott.
Allianz to pay claims in full for underinsured SMEs
Insurer says move designed to help customers and protect their relationship with brokers.
Broking Break: The regulation game
Steve Blott, chief risk officer at UK General Insurance, covers off the top regulation issues brokers need to consider in 2016.
Biba calls on FSCS to change its model
CEO Steve White disappointed in possible £19m levy rise.
Broker FSCS management fees to increase
Sector expected to pay £9.5m towards management expenses in 2016/17, up from £6.6m for 2015/16.
Brokers anticipate the Biba manifesto
Brokers share what they would campaign on ahead of the launch of the 2016 Biba manifesto.
ABI's Huw Evans focuses on sustainable development after floods
The director general also says the FCA faces big questions in 2016.
Tracey McDermott rules herself out as FCA chief
McDermott does not want to stay on as full-time FCA CEO.
Reports that customer data study set for scrapheap denied
Review of how insurers use customer information still set to take place in some form.
Tracey McDermott tipped for permanent CEO role at FCA
Regulator seeking to replace Martin Wheatley.
FCA fines and bans broker over client money failings
Chief executive found not to have understood the rules and regulations.