IIB turns the screw on regulator
The Institute of Insurance Brokers (IIB) has called for “fundamental regime changes” in regulation.
In a statement ahead of the transition of the Financial Services Authority (FSA) into the Financial Conduct Authority (FCA) the trade body explained that it viewed the existing regulatory principles as being sound and said firms should not have to ditch their established compliance procedures.
However, in a formal response to the Treasury on the ‘blueprint for reform', the IIB highlighted certain aspects of the new regulatory set up which it felt would undoubtedly affect the future of the
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