Financial Services Authority (FSA)
Letter: Irish should be backing Quinn Group
If every cloud must have a silver lining then one of the very few benefits from the recession has been the renewed focus on the importance of relationships in business. In our own industry, much has been said recently about the need for brokers and…
FSA needs transparency
The Financial Services Authority should be more transparent about how fines on firms are set, law firm Reynolds Porter Chamberlain has said.
ABI and MIB to create Employers' Liability Tracing Office
ELTO to be headed up be RSA UK CEO Adrian Brown.
FSA "smashes" fine record by 21% claims law firm
The FSA "smashed" last year’s record fines by 21% this year (to March 31) as it handed down £33.1m in fines, City law firm Reynolds Porter Chamberlain LLP said today.
Europ Assistance
Europ Assistance has appointed Tim Ablett as non-executive director, subject to Financial Services Authority approval.
Law firm blames Quinn woes on Irish economy
The news today that Quinn Insurance has been placed into provisional administration will concern solicitors according to Hugh Evans, financial litigation partner at DLA.
FSA "working closely" with Irish regulator over Quinn
The UK's Financial Services Authority has said it is working with its Irish equivalent over the issue of Quinn Insurance.
5 years ago: Tories to rein in FSA if they win election
The Financial Services Authority will be given only six months to bring about a "lighter touch" to regulation if the Conservatives win the next General Election.
Postbox: Best practice for owners is to not use consultants
Whether the Financial Services Authority regulation of insurance intermediaries of all shapes and sizes is necessary or appropriate and proportional does not change the fact that it is here to stay.
View from the top: Paving the way for a new government
Last week saw the final budget before the forthcoming general election. Regardless of who wins, it is important that the industry has an open and effective relationship with whichever party or composition of parties is in power.
Election 2010 - Industry Q&A: Question time
In the final part of the countdown to the general election, Post took questions from the leading lights of the insurance industry and put them to the three main political parties.
MIB chief: warning over extra ELTO costs
Motor Insurers' Bureau chief executive Ashton West has warned insurers that they face "significant" extra costs as a result of an agreement with the Association of British Insurers to jointly build an Employers' Liability Tracing Office.
Market awaits Quinn fallout
Brokers, trade bodies and insureds in the UK and Ireland were seeking further clarification as to the true financial situation at Quinn's insurance businesses as Post went to press, amid mounting speculation that intermediaries are already seeking to…
Lord Myners rubbishes Tory FSA plans
Lord Myners has warned that the Financial Services Bill is in danger of falling by the wayside as a result of it running out of time due to "distractions" arising from the political opposition.
Election 2010 - Labour view: Lord Myners interview
In the fifth of Post's six-part series, profiling the major political parties, Mairi MacDonald talks to Lord Myners about Labour's plans and priorities.
Biba chief: best practice call for small brokers
British Insurance Brokers' Association chief executive Eric Galbraith has slammed the Financial Services Authority's disregard for its members' risk profile and resources and called on it to lay down best practice guidelines for smaller intermediaries.
Six arrested in “largest ever” insider dealing investigation
Six men, including two senior city professionals, have been arrested in the Financial Services Authority’s “largest ever” operation against insider dealing.
Galbraith criticises FSA stance on adequate broker resources
British Insurance Brokers’ Association chief executive Eric Galbraith has hit back at the Financial Services Authority’s ‘time consuming and expensive’ approach to adequate resources.
ABI director general slams ‘extremely conservative’ CEIOPS' Solvency II approach
New Association of British Insurers director general Kerrie Kelly has criticised the Committee of European Insurance and Occupational Pensions Supervisors for its approach to Solvency II.
PPI industry faces reimbursement cost of up to £3bn
The Financial Services Authority consultation document on PPI mis-selling has extremely costly and serious ramifications for the industry according to financial research company Defaqto.
Start ups : insurers - regulatory hoops
Huge costs and the pressure of regulation have been seen as barriers to setting up an insurer in the UK — so why are so many companies considering this option now, asks David Young.
Election 2010: Interview - Adam Price, MP, Plaid Cymru
In the fourth of Post's six part series, profiling the major political parties, Mairi MacDonald talks to MP Adam Price about Plaid Cymru's plans and priorities.
Tories: FSA consumer body will not alter plan
The Financial Services Authority has stepped up its intensive supervision goals for 2010, by outlining plans for a new consumer protection committee.
FSA targets Solvency II and PPI in business plan
The Fiancial Services Authority will focus on Solvency II preparation and the conduct of payment protection insurance providers in its 2010/11 business plan.