FSA to share confidential files with US regulators

Under the memorandum of understanding, the FSA will share files with New Jersey's insurance commissioner, and assist with investigations of, and obtain information from, individuals or companies in the insurance business. Commissioner Tom Considine said he expects agreements between regulators in the US and other nations will become more commonplace and more necessary, according to local news reports. "It is becoming crucial that regulators cooperate across national and international boundaries," he said in a statement. "We can better monitor international activities of insurance c...