Regulation

Government proposes single competition body

The Competition Commission and the competition functions of the Office of Fair Trading are to be merged to form a single competition and markets authority, under new proposals by the Department for Business, Innovation and Skills.

FSA defends PPI rules

The Financial Services Authority has vowed to fight the British Bankers' Association's judicial review of new payment protection insurance complaints handling measures.

MGAA letter outlines aims

The Managing General Agents' Association hopes to sign up more than three quarters of the market, ahead of its official launch in January 2011.

Biba concern over EC tax proposal

The British Insurance Brokers' Association has raised concern over European Commission plans for a new continent-wide tax regime aimed at stabilising the financial services sector.

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