Industry to assess FSA's performance

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The Financial Services Practitioner Panel is launching the first stage of its 2006 survey of regulated firms to obtain an industry assessment of the Financial Services Authority (FSA).

The survey, which is carried out every two years, aims to gather industry views on the FSA and establish a track record of the regulator’s performance. The Panel says previous surveys achieved a high response rate and provided “robust feedback” from the financial services industry, which has been taken on board in a “positive manner” by the FSA. It adds the feedback has “had a considerable impact on front-line FSA policy decision making and its regulatory operation generally”. For example, major issues emerging from the 2004 survey – the ever-increasing cost of regulation, the treatme...

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