FSA Business Plan
In recent years we have given the Panel’s views during the development of the FSA’s business plans on an annual basis, which allows us to consider the FSA’s priorities.
The need to control the overall cost of regulation is our overriding concern. The Panel has, voiced strongly that it feels the FSA should reduce the number of regulatory initiatives and should focus on areas where there is apparent detriment.
The Panel has strongly expressed its view in regard to the growing cost of regulation for firms and we have asked the FSA to limit further change wherever possible and cautioned against “read across” between sectors for new initiatives.
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