Insurers caught in regulatory backlash


Insurers in the UK were subjected to a record number of high-level inspections by the Financial Services Authority (FSA) last year despite the regulatory body saying it would be scrapping what is an intensive and time consuming process for companies. Some claim the increase in onsite inspections represented a regulatory backlash following the UK banks’ well documented failures.

FSA, arrow, insurers, Reynolds Porter Chamberlain

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