Aifa calls for regular scrutiny of FSA

Chris Cummings, director general of Aifa, called for the extension of the review, following the publication of the NAO’s report into the economy, efficiency and effectiveness of the FSA, which highlights areas where the FSA could improve. The 100-page report suggests on the issue of performance management the FSA needs to enhance “its grip on information on the cost of its activities, and must over time seek to streamline the new Outcomes Performance Report”. In addition the NAO says the FSA should focus on “working collaboratively with the Office of Fair Trading” and should “sharpen u...