Insurance brokers face far-reaching FCA inquiry | White & Case LLP International Law Firm, Global Law Practice
Insurance brokers face far-reaching FCA inquiry

Insurance brokers face far-reaching FCA inquiry

An upcoming Financial Conduct Authority (FCA) inquiry into the wholesale insurance-broking market – the FCA's newest initiative in a series of market studies since it gained competition powers – will examine more than 160 brokers. London-based White & Case partner Marc Israel said: "The FCA hasn't had its competition powers long but it is really ramping up. The advantage here is that the FCA warned that this was coming, and so firms can have given some thought about potential remedies." Click here to read more (paywall).