Survey confirms FSA role

More than eight out of 10 financial services firms recognise the need for strong regulation by the FSA, according to the results of a survey conducted by the Financial Services Practitioner Panel. The results showed that 85% of respondents recognised the need for strong regulation by the body, an increase from the last survey that was conducted in 2006, which reported that 79% of firms felt this way. The survey also revealed that the vast majority (82%) of firms believed that the current regulatory system places too much of a burden on firms, although this had decreased since the last s...