FSA vows to maintain intensive supervision in final year
The Financial Services Authority (FSA) has vowed to maintain its policy of intensive supervision and will continue to implement European regulatory directives as it releases its final business plan before it is disbanded.
The regulator said that for the coming financial year, the main focus would fall on five main areas:
• delivering the regulatory reform programme
• continuing to influence the international and European policy agenda
• delivering financial stability by maintaining ongoing supervision of firms in a period of continued fragility in markets including business model analysis, capital/liquidity assessments, recovery and resolution planning and the Significant Influence Function regime
• delivering
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