News analysis: Is it time for a regulatory rethink?


Regulation is stifling broker competition and innovation according to Biba, as regulators now face a House of Lords inquiry.

The British Insurance Brokers’ Association has picked the theme ‘managing risk’ for its 2022 document, which takes in a number of key issues including the hard market, IPT and regulation.

In this year’s edition, the body has broken with tradition and not included a section on regulation. However, this does not mean it is ignoring the issue. Regulation is a topic that is woven through the entire document to highlight the impact of regulation on regional brokers and warn how far-reaching the

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Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.

FCA warns on Tempcover clone

The Financial Conduct Authority has issued a warning of fraudsters trying to scam people by pretending to be short-term car insurance specialist broker Tempcover including on TikTok.

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