New ABI chief tells FSA: 'Only focus on risks that matter'

She also told the regulator ABI members need to see regulator involvement is "proportionate". "Whether it is the culture of Arrow visits to relatively small insurers, or the attention that is paid to matters such as financial promotions, our members need to see that FSA involvement is proportionate to the risk posed to consumers and shareholders," she told the FSA Insurance Sector Conference. Kelly also cautioned against the regulator's over-zealous use of its powers. "It is important that if granted the extended redress powers proposed in the Financial Services Bill, the FSA will ...