Financial Services Authority (FSA)
Broker bodies want their say on regulator
Broker trade bodies have urged members to air their views on the regulation of intermediaries before the Financial Services Authority is stripped of its powers.
Regulatory reform will not hamper Solvency II
Financial Secretary to the Treasury Mark Hoban has denied suggestions the government's regulatory reform will hamper the UK's implementation of Solvency II.
IUA calls for "well informed" insurance regulator
The International Underwriting Association has called on the coalition government to ensure that there is a strong insurance prudential regulator as part of its shake-up of the financial services industry.
Hoban outlines regulation plans
Mark Hoban, financial secretary to the Treasury, has addressed the House of Commons following George Osborne's Mansion House speach last night on the breaking up of the FSA.
Compliance firm urges industry to work together for regulatory change
Wolters Kluwer Financial Services UK managing director Dean Curtis has urged the financial services sector to pull together to ensure the Chancellor George Osborne’s regulatory changes are effective.
Biba calls for appropriate, proportionate and cost effective regulation
Eric Galbraith, British Insurance Brokers' Association chief executive, said the organisation is pleased its concerns over splitting the regulation for the sector have been taken on board, and that insurance intermediaries appear to be falling under the…
FSA break-up: What's your view?
The Chancellor of the Exchequer has sounded the death knell for the Financial Services Authority.
The proposal to give Bank of England overall control "makes sense"
This is according to Mathew Rutter, financial services partner at Beachcroft.
Scrapping the FSA is the right decision for banks but the case is not made for insurers
This is according to Bruno Geiringer, a partner in the insurance group at law firm Pinsent Masons.
ABI warns government against adding to burden of costs
The Association of British Insurers has said that it is "open minded" to regulatory changes to the financial services sector.
Sants to head transition to new financial regulatory body
Hector Sants has agreed to remain as chief executive of the Financial Services Authority and to lead the transition and the creation of a new prudential authority.
Chancellor outlines future of financial regulation
The Chancellor of the Exchequer has outlined the government’s intention to hand over regulatory control of the financial services sector to the Bank of England.
Cloud computing: Clouds on the horizon
Cloud computing has become the latest idea to catch the eye in commercial computing. Sam Barrett reports why the insurance industry is carefully assessing the advantages and potential pitfalls.
Law firm criticises government plans
Law firm CMS Cameron McKenna has said that the government’s plan to split supervision and enforcement of the financial services industry will “dissipate responsibility”.
FSA powers to be cut
Chancellor George Osborne has confirmed that he will give the Bank of England the key role in regulating the UK financial sector, the BBC reports.
Staysure opens Spanish branch
Over-50s insurance provider Staysure has opened a branch in Marbella, Spain offering home, health and travel insurance plus pre-paid funeral packages to the expat community. As well as running the expat service, the new office will provide a base for…
Eight-fold fee hike slammed
The British Insurance Brokers' Association has urged members to take an active role in an upcoming consultation of Financial Services Compensation Scheme levies to help reduce the burden of fees on intermediaries.
Sally Dewar set to leave FSA
The Financial Services Authority has announced that Sally Dewar, board member and managing director of Risk, has decided to leave the organisation in May 2011.
FSA takes action against two brokers over client money failings
The Financial Services Authority has today taken action against two insurance brokers - Delwyn Way of Shield Insurance Consultancy and Adrian Shillaker of Griffiths McAlister Insurance Brokers - for failing to adequately protect client’s money and assets.
Corporate risks - pension de-risking: An old age problem
Businesses are becoming increasingly strained by the legacies of defined benefit schemes. Amy Ellis reports on the issue of pensions de-risking and looks at the options available.
ILAA poised for official launch next month
The founding members of the Independent Loss Adjusters Association are poised to officially launch the new trade association next month.
Law firm's research critical of regulator authorisations
The Financial Services Authority has defended its approach to authorisation after research revealed a 71% time increase for companies to gain regulatory approval.
FSA damaging UK insurance market by dragging heels over authorisation, claims RPC
The length of time that financial services firms are having to wait to get authorisation from the Financial Services Authority continues to climb according to law firm Reynolds Porter Chamberlain (RPC).