FCA does not aim to be a price regulator, says Sheldon Mills
In his keynote speech yesterday at the British Insurance Brokers’ Association’s conference in Manchester Mills Sheldon Mills, executive director for consumers and competition at the Financial Conduct Authority, told the audience: “The new consumer duty is not intended to be a price regulation mechanism."
“We do not want to be a price regulator,” he added.
The FCA leader accepted that having engaged with the general insurance pricing practices with the resulting ban of price walking he knew that the
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