Treasury to discuss FSA regulation with GISC and MCCB

Treasury officials will be meeting with representatives of the Financial Services Authority (FSA), General Insurance Standards Council (GISC) and the Mortgage Code Compliance Board tomorrow to discuss plans for the regulation of mortgages and insurance under the FSA. Mortgage regulations for brokers and intermediaries were expected to be introduced later this year to ensure intermediaries complied with best-practice rules for the first time, however, the Treasury announced last month the FSA would now take responsibility, so plans to regulate the market have been put back until 2004. ...