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.
All work and no play
With the new regulator fast approaching it seems that every week more and more news stories seem to be focusing on what will change for the insurance industry.
Biba welcomes FCA clarifications
The British Insurance Brokers’ Association (Biba) has welcomed further clarification from the Financial Services Authority (FSA) ahead of upcoming changes.
FSA calls for feedback in consultation on journey to FCA
The Financial Services Authority (FSA) has published the ‘Journey to the FCA’ - a paper setting out how the new regulator will operate with a consultation period now open until 14 December.
UK Broker Conference 2012: Brokers warned of "pre-emptive" action
The Financial Service Authority's (FSA) head of wholesale and general insurance warned brokers that the incoming Financial Conduct Authority (FCA) will not just be the FSA "with a different letter".
Insurance Age October 2012 digital edition
The October edition of Insurance Age is full of news analysis essential to brokers.
Concern grows over “shoot first” FCA
Industry responds to comments by the FSA’s managing director
Will the FCA show its teeth?
Brokers should prepare for regulatory changes, says Jill Hambley
Galbraith: Biba can help point gun at regulation problem areas
Eric Galbraith, chief executive of the British Insurance Brokers’ Association (Biba), has responded to Martin Wheatley’s assertion that the incoming Financial Conduct Authority (FCA) will take a more pre-emptive approach to customer fairness.
Broker Expo South: FCA will demand more information and conduct more visits
Brokers can expect a lot more demands for information from the incoming Financial Conduct Authority (FCA), delegates at the 2012 Broker Expo South were told today.
FSA moves to quell concerns over staff changes
The Financial Services Authority (FSA) has moved to pacify senior politicians' fears about staff turnover and its impact on the consistency of communication between firms and the regulator during the transition to the ‘twin peaks’ and Solvency II regimes.
FSA approval waiting times at record high of 23 weeks
Regulatory approval waiting times for financial service start-up companies has reached a record high of 22.9 weeks.
Regulator outlines review into sales incentives
The Financial Services Authority (FSA) has outlined the research behind its decision to open a consultation on sales incentive schemes in the financial services industry.
FCA chief highlights PPI mis-selling in commission crackdown plans
Martin Wheatley, chief executive officer designate of the Financial Conduct Authority (FCA), has confirmed that he wants to see an end to mis-selling created by sales incentives.
FCA boss to clamp down on commission-led sales
Commission payments on all financial products are to be severely curtailed by the new financial regulator.
Reportage: Tale of the red tape
The increasing burden of regulation and the investigation into the sale of add-ons could make the next few years very uncomfortable for brokers, writes Martin Friel
FSA insists regulatory overhaul remains on track
The Financial Services Authority (FSA) has insisted its regulatory overhaul remains on track for early 2013.
Hello and welcome
Well, in a flash of ATEs, D&Os and IMDs my first week as an insurance reporter is almost at an end.
FCA chairman named
The government has appointed John Griffith-Jones as the non-executive chair designate of the Financial Conduct Authority (FCA).
Trade body demands greater clarity over new regulators
The International Underwriting Association (IUA) has called for greater clarity on how the two new insurance regulators are going to cooperate.
Biba 2012: FCA uncertainty could damage broking sector
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.
Biba 2012: Biba calls in Deloitte to conduct strategic review
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.
FSA vows to maintain intensive supervision in final year
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 resigns as FSA chief
Hector Sants will step down as CEO of the Financial Services Authority (FSA) at the end of June 2012.
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.