Regulation – Page 194
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NewsOsborne promises to scrap FSA in favour of Bank of England
But Tory proposals described as expensive, bureaucratic, and pointless
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Online onlyABI: Walker Review needs further clarification
Review raises the bar for board of financial institutions
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Insurance fraud soars to £1.9bn
ABI report reveals the cost of fraudulent claims is up 24% in two years
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Online onlyBroker handed FSA ban
Lancashire broker banned for inadequate control of his firm and loses business
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NewsAspray seeks compliance help after FSA fine
FSA fined Aspray £21,000 for administrative failings
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Online onlyFSA to make brokers publish complaints data
Regulator will publish sector results twice a year
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Online onlyCompetition Commission details PPI probe
Commission set to introduce measures to bring competition in the PPI market
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NewsBroker Forum: Revised IMD should be ready for European Parliament late next year
The EU Commission’s review of the Insurance Mediation Directive (IMD) would create “greater transparency” across Europe, said Biba’s head of compliance and training Steve White.
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NewsBroker Forum: It’s tough out there – and it’ll only get tougher, says Slade
Perkins Slade chairman criticises insurers for failing to help harden the market
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NewsFSA spends £800,000 on commission disclosure review
Bill for investigation revealed under the Freedom of Information Act
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NewsBrokerbility leads challenge against banks’ sales tactics
Industry group’s concerns follow complaints to Biba of “conditional selling” by bank managers
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News AnalysisThe end of light-touch regulation
The fallout from the credit crunch will see financial institutions under much stricter controls from governments and regulators as they aim to prevent such failures happening again. However, will insurers be bundled up with the banks and have their hands unfairly tied as a result
