Regulation

The Financial Ombudsman Service (FOS) has hit out at the FSA for not intervening to tackle the Payment Protection Insurance (PPI) problem sooner and criticised the industry for being addicted to regular mis-selling scandals.

The British Insurance Brokers' Association (Biba) has presented a petition of nearly 7000 member signatures to Parliament demanding the acceleration of the review into the funding of the Financial Services Compensation Scheme (FSCS).

The British Insurance Brokers' Association (Biba) and the Institute of Insurance Brokers (IIB) have confirmed they are in formal merger discussions with an aim to complete them by the end of the year.

The British Bankers' Association (BBA) has drawn a line under its legal fight to avoid PPI mis-selling payouts.

The High Court today ruled banks must look again at hundreds of thousands of PPI cases, following an unsuccessful judicial review by the British Bankers Association (BBA) against the FSA.

Regulation imposed by the FSA is a greater burden and competitive disadvantage on brokers than corporation tax, the British Insurance Brokers' Association (BIBA) has warned.

The British Insurance Brokers' Association (BIBA) has implored the Treasury to apply an "appropriate, proportionate and cost-effective approach" to regulating insurance brokers.

The Association of British Insurers (ABI) has warned the introduction of new financial authorities could lead to dual regulation for its members.

Can you see a change in focus for the FSA's replacement, following its renaming to the Financial Conduct Authority (FCA), rather than the previously suggested Consumer Protection and Markets Authority (CPMA)?

The British Insurance Brokers' Association (BIBA) has launched a member petition to be tabled in the House of Commons on the way the FSCS is funded.