On January 14, 2005, general insurance came under the regulatory remit of the Financial Services Authority. The Association of British Insurers commissioned CRA International to undertake a quantification of the consumer benefits of the impact of this regulation as implemented through the Insurance Conduct of Business rules. Examining motor insurance, critical illness cover, and payment protection insurance, the report uses innovative techniques to demonstrate the market impact on consumers.
Layered orders and spoofing allegations
Spoofing charges made headlines recently when jurors in an Illinois court convicted two former JP Morgan precious metals traders, Gregg Smith and Michael...