Annual Reports

FSA: The Financial Services Authority (FSA) has published its Business Plan for 2009/10.  The plan sets out the FSA's programme of work for the year ahead to address the risks highlighted by the Financial Risk Outlook, published on 9 February 2009.
 
The FSA will focus on ensuring firms are soundly run and, in particular, that they adjust their business models to ensure they can remain well capitalised & securely funded.  As well as addressing current risks, the FSA will play a full role in modernising the global regulatory framework.  This will involve taking forward the agenda that will be laid out in an FSA Discussion Paper in March 2009.  Finally & crucially the FSA will complete the planned programme of improvements to its supervisory processes.
 
Published alongside the Business Plan, the 2009/10 consultation paper on regulatory fees and levies explains how the FSA proposes to raise the annual funding requirement from fee payers, and provides an opportunity for comment. Closes for part on 9 March 2009 and for other bits by 6 April 2009
Press release ~ Business Plan 2009/10 ~ Financial Risk Outlook ~ Fees Consultation Paper (CP09/7) ~ Fee Calculator
 
FSA: The Financial Services Authority (FSA) recently published its Financial Risk Outlook (FRO) outlining the main risks facing firms, consumers and the regulatory system in the economic downturn, in particular the challenges created by banking sector and real economy deleveraging.
 
These challenges include banks adjusting their business models to operate successfully in difficult conditions in financial markets and in the real economy.  Firms are also reminded of the importance of treating customers facing difficulties with fairness.  Consumers will need to be able to identify warning signs that might suggest they are getting into financial difficulty, should be cautious of financial deals which seem too good to be true and know where to go for impartial finance advice.
Press release ~ FRO
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