Financial Services Authority (FSA)
ABI slams revised FSCS rules
The Association of British Insurers has condemned plans by the Financial Services Authority to update its rules for the Financial Services Compensation Scheme, saying that insurers will be paying for the failure of other financial institutions.
FSA confirms PPI deadline talks
The Financial Services Authority has confirmed that it is in talks with the British Bankers' Association about a possible time limit for payment protection insurance complaints.
FSA seeks PPI mis-selling deadline
The Financial Services Authority is in talks with the banking industry to set a deadline for customers being able to claim for the mis-selling of payment protection insurance, according to reports.
Insurance broker banned for misappropriating money
The Financial Services Authority has banned Harbinder Panesar from working in the financial services industry and fined him £212 237.
Co-operative Bank fined over PPI claims handling
The Financial Services Authority has fined The Co-Operative Bank £113 300 for failing to handle payment protection insurance claims fairly.
Review of the Year: Brokers - A bumpy ride
Brokers have experienced a somewhat tumultuous year, with imminent regulatory changes, big-name departures and the ongoing financial crisis all leaving their mark on 2012. What next for the sector?
Barclays appoints former FSA boss Sants as compliance head
Former Financial Services Authority chief executive Hector Sants has been appointed head of compliance and regulatory relations at Barclays.
MGAs dubious on risk transfer consultation
Managing general agents suspect the FSA may have finalised new rules on risk transfer prior to closing its recent consultation.
Government given mixed reviews half way through electoral term
Insurance industry stakeholders have given verdicts on the government's performance as it reaches the half-way point in its five-year electoral term.
View from the top: Changing for the better
Increased regulation may be taxing for the industry but will ultimately make it stronger, says Stuart Reid.
Smaller brokers will be hit hardest by ban on conditional risk transfer
Brokers and managing general agents have expressed concern at the potential for conditional risk transfer to be banned by the regulator next year.
Consumer Insurance Act: Out with the old, in with the new
The Marine Insurance Act's outdated rules regarding policy applications are to be replaced by the Consumer Insurance Act. Will it make life difficult for insurers, or does it simply codify what they're already doing?
Ageas, Allianz and Axa work together on Biba risk transfer plan
Three of the largest insurers are collaborating with the British Insurance Brokers' Association on a plan to mitigate the "administrative nightmare"” proposed by the Financial Services Authority on risk transfer and client money.
Credit card insurer CPP rocked by record FSA fine for mis-selling scandal
Credit card insurer Card Protection Plan has been slapped with a £10.5m fine by the Financial Services Authority for the mis-selling of insurance products.
View from the top: Models behaving badly
As with widely reported sat-nav disasters, what is going on in the banking sector as financial institutions embed the Basel III regulatory framework is testing investors' faith in what their computers are telling them, says Roger Bickmore.
Solvency II regulators must be more empathetic, KMPG says
Consultancy firm KPMG has outlined a series of measures that could be adopted to promote a more "robust" Solvency II framework and please regulators and businesss.
Insurance chief urges HMRC to open up records to boost EL tracing hit rate
The Employers' Liability Tracing Office is demanding that the government supports its call for HM Revenue & Customs to assist in boosting the number of successful historic policy traces by providing employer reference numbers.
Think tank calls for FCA to be 'terminated at birth'
The government has been warned to abandon the incoming Financial Conduct Authority in favour of handing consumer protection issues to the existing Financial Ombudsman Service.
Biba devises alternative FSCS funding model
The British Insurance Brokers' Association has proposed an alternative structure for the Financial Services Compensation Scheme funding model.
Solvency II: The waiting game
With the possibility of further delays to the implementation of Solvency II seeming ever more likely, what will be the impact on insurers?
Cameron McKenna backs FSA Solvency II timetable change
City law firm Cameron McKenna has commended the Financial Services Authority for adapting its implementation timeline for Solvency II.
FSA changes Solvency II compliance timetable
The Financial Services Authority will work on firms' Solvency II internal model approval until 31 December 2015.
UK regulator allows more time for Solvency II implementation
The Financial Services Authority has given insurers more time to get ready for Solvency II, anticipating that disagreements over the final rules could delay its introduction by two years.
PRA aims for "judgement-based" approach
Two documents outlining the Prudential Regulation Authority's approach to supervision when it is established in April 2013 have been presented today to stakeholders.