Hoban denies banking bias in new regulatory structure

Insurers are calling for more representatives from their sector on key decision making bodies which they argue are laden with bankers who will drive regulation which suits banks. Speaking at an ABI event this morning, Hoban denied there is a bias towards banking in the new regulatory structure. He said banking and insurance have to go together in the PRA because they both have risk and commitments to policy holders and shareholders. "The links between them are inseparable," he said. Bronislaw Masojada, chief executive of specialist insurer Hiscox, said insurance is being "shoved...