The FSA has called for an extension of its powers to enable it to stamp out Enron-style scandals.

FSA chairman Sir Howard Davies is said to want the regulator to gain responsibility for investigations into companies suspected of breaching accounting laws.

Davies is believed to favour a US-style regime where the US financial regulator conducts investigations into accounting abuses.

At present accounts are scrutinised only by the small financial reporting review panel.

The Financial Times reported that the government is believed to favour a "significant expansion" of the FSA's powers.

However Davies is seeking even greater powers whereby the FSA will conduct investigations into accounts.

New EU rules - likely to come into effect in the next 12 months - could mean the government is forced to give the FSA the powers it wants.

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.