FSA: deadlines for compliance are fair

The Financial Services Authority (FSA) has rejected claims from IT managers that is has set 'unrealistic deadlines' and failed to understand the complexity of the compliance task laid out in policy statement 04/9.

The policy outlines new regulations for the collection and reporting of sales, financial and compliance data for general insurance products, mortgages and other financial products.

According to a survey commissioned by IT services provider Aspective, nearly two thirds of IT directors