When the FSA comes knocking

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The Financial Services Authority (FSA) will be dropping in to visit one in four of the firms under its charge and if the regulator does not come knocking this year, then management boards can expect not to be kept waiting long.

With the FSA doing the rounds, mortgage and insurance intermediaries have to understand their obligations, be confident they are meeting them and be able to demonstrate how they are doing it. Independent audits have always provided a benchmark against which firms can measure their performance. They also serve as invaluable management information tools and help firms tailor their future efforts to produce the best results. Compliance and technology specialist MS2M is carrying out a major research programme involving some of the country’s largest mortgage and insurance providers at the ...

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