Compliance science - be ready for the regulator
As January 14, 2005 - the date on which the Financial ServicesAuthority will assume supervisory control of the insurance sector - looms,seven panellists assess the likely readiness of firms participating in themarket
Regulation - how prepared is the industry?
BE: I start from the premise that regulation by the FSA (FinancialServices Authority) has been an inevitability for some time. It will bemore rigorous than anything we have seen in the past. There are bound tobe a lot of changes to the way we work, but that's inevitable as well.Those sectors of the industry that observe good practice in terms of theirinternal systems and dealings with clients and business partners will havea head-start, whereas those
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