FSA repeats call for firms to improve platforms due diligence

Speaking at a launch event in London, FSA representative Rory Percival said firms needed to ensure they were up to speed on this important issue. "Firms need to look at how their businesses are developing and ensure oversight arrangements are up to date," he said. Systems and controls is a particular area of concern, said Percival. "When we did our thematic review earlier this year, of the firms we visited this was a failing in every firm to a greater or lesser extent." Findings published in March found firms failed to carry out adequate due diligence or "align their platform wi...