§ Tony WorthingtonTo ask the Chancellor of the Exchequer what steps he is taking to ensure that the financial services industry is adequately prepared for meeting future claims for compensation relating to the asbestos industry. [3514]
§ Ruth KellyAs part of its normal supervisory role, the FSA considers all material risks which can have a serious adverse impact upon individual insurance companies. Due to the uncertainty of future asbestos-related claims costs,182W it monitors developments relating to the insurance of asbestos, paying attention to companies with significant liabilities in this area.