The Financial Services Authority is to cut the time it takes to complete regulatory investigations by a third, it has been revealed.
According to the FSA’s ‘end-to-end’ enforcement review report published this week, future handling of enforcement cases should become more “efficient” and “timely” as the regulator tightens up internal processes. Following the announcement of the review in September last year, many of the recommendations made are now being implemented, the FSA says. Besides slashing the time it takes to complete an investigation, the FSA intends to inject more money into its IT department to assist in the management of cases and the handling of information gathered in investigations. It also aims t...
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