Summary
BRITAIN's top financial regulator was in the dock again yesterday - this time for allegedly not taking tough enough action to prevent undesirable practices in the insurance market.
The Financial Services Authority, recently criticised for slack investigative procedures on endowment mis- selling by Legal & General, was this time rapped by the Lloyd's of London insurance market for failing to require brokers to disclose their commissions from large insurers.See the full content of this document
Extract
Call On Fsa to Act Tougher
Nick Prettejohn, chief executive of Lloyd's of London, said in a lecture: "The FSA shoul...
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