FSA to conduct 'regulatory reviews' of small firms

The initiative follows previous roadshows and assessments as part of the regulator's treating customers fairly drive and has already been piloted with a number of firms. However, the new workshops, which begin in the northwest next month, will cover a broader area of issues, the FSA said. "It will all be touched on: things like good governance, business controls, how potential risks to the business and customers are applied," a FSA spokesperson said. The roadshows will also look at the effect of external risks, good prudential regulation and reporting, how good business practices a...