The Treasury's overhaul of financial services regulation took another step forward this week afte...
The Treasury's overhaul of financial services regulation took another step forward this week after it confirmed the dissolution of the Insurance Brokers Registration Council (IBRC), the body previously responsible for insurance brokers professional standards. The general insurance broking industry will now be regulated by the General Insurance Standards Council (GISC), with effect from September 2001. The GISC, unlike its predecessor, is open to all insurance intermediaries and will set its own standards of business practices. Economic Secretary to the Treasury, Melanie John...
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