Solvency II interim rules could worsen market fragmentation

european-hotspots

Despite Eiopa’s proposed guidelines for interim measures, surveyed Member States are showing a strong preference for a second quick fix directive, postponing the full implementation of Solvency II towards as late as 2017.

This was the finding of a survey by ICODA European Affairs. Among the surveyed member states, close to 40% admitted that their national supervisory authorities lack the competences to implement

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FCA stops potential ghost broker from trading

The Financial Conduct Authority has stopped Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.

City minister Siddiq is replaced by Reynolds

Less than 24 hours before she was due to appear at the British Insurance Brokers’ Association’s Manifesto launch, Tulip Siddiq has resigned as Treasury minister and been replaced by Labour MP Emma Reynolds.

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