Monday, 23 April 2012

Insurance FSA Changes

FSA has stated that it needs around 16% more funding as it final year as our regulator.

They have talked about 'Twin Peaks' to try and start mirror imagining the new regulator, stating that it has a "chance to get it right for the future".

The idea will be to have two groups of supervisors, one dealing with prudential code and the other focusing on broker conduct.

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