The new financial regulatory regime and the regulation of insurance

Mark Boléat (Association of British Insurers, 51 Gresham Street, London)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Publication date: 1 April 1998

Abstract

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.

Citation

Boléat, M. (1998), "The new financial regulatory regime and the regulation of insurance", Journal of Financial Regulation and Compliance, Vol. 6 No. 4, pp. 320-325. https://doi.org/10.1108/eb024983

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Publisher

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MCB UP Ltd

Copyright © 1998, MCB UP Limited

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