Insurance regulation moves to Treasury

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The Independent Online
The Government's aim to create an enhanced Securities and Investments Board was taken a step further yesterday with the announcment that insurance regulation was being transferred to the Treasury.

Helen Liddell, Economic Secretary, will assume responsibility for insurance regulation, which will eventually move to the SIB. The new regulatory body, dubbed "super-SIB" will oversee banks, securities firms as well as insurance and building societies.