Companies with exemplary records could face lighter regulatory inspections if Gordon Brown decides to follow the recommendations of the Hampton Review, it was claimed today.
In today's pre-budget report, Gordon Brown outlined the recommendations of the treasury-commissioned review.
The document backed calls for stiffer penalties for companies with poor records of compliance, while companies with immaculate records would have fewer inspections.
E-learning company Absolutely Training said instigating the reviews recommendations would give organisations “a target to aim for- a carrot to go with the regulator's stick.”
It said: “6,000 brokers are trying to get authorised and compliant by the FSAs January deadline. The number of disparate approaches to compliance suggest that firms are unsure of what and where to invest.”
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.
