The prospect of risk managers being regulated by the FSA is unlikely, according to senior market sources.
One source close to government said: "The Treasury reckons there is no public interest in this development."
The comment follows speculation that direct regulation of risk managers by the FSA could prompt multinationals to avoid setting up in the UK or even leave the UK.
The FSA would have pursued the regulation under sales of general insurance rules.
The FSA has not ruled out the prospect of risk managers falling foul of the regulations that are due to come into force on 14 January 2005.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
