This paper examines the creation of the Financial Services Authority, concentrating on the implications for the insurance industry and the issues that will be raised in the transition to the new regime. It concludes that a more coordinated approach to regulating financial institutions will have a beneficial effect on the insurance industry, but that there will also be a downside. Much that is good about the present system may be lost, while there will be two to four years of uncertainty as the new rules are made and implemented.
CitationDownload as .RIS
MCB UP Ltd
Copyright © 1998, MCB UP Limited