The government has released its response to the FSA's own inquiry into the Equitable disaster by poin...
The demands are being pressed home by Ruth Kelly, the economic secretary to the treasury responsible for the government's handling of the affair.
She has already promised to pass on all the FSA's findings to Lord Penrose, the peer appointed by the treasury to oversee the wider inquiry into Equitable.
Lord Penrose wrote yesterday to Kelly that she would have to appreciate that he could not "comment at this stage on the extent to which the inquiry might come to agree with, or differ from, the Baird report."
Ronnie Baird, the FSA's director of internal audit, carried out the regulator's internal inquiry into the FSA's role in regulating Equitable between early 1999 to December 2000, when the firm stopped doing new business.
Kelly noted in her letter to FSA chairman Howard Davies that the Baird report only addressed a narrow chronology "out of a story that covers more than 40 years" and urged the FSA to respond with further evidence.
"I would very much welcome, by 20th November, a full report from the FSA Board covering the action you have taken, and intend to take, to implement the recommendations on the regulatory approach," she wrote.
An ambitious objective
'Something completely new'
'Illusion of control'
Reasons to be cheerful
Total investment reaches £9m