FSA to step up engagement with small firms

Building on its current risk-based approach, the regulator said it aims to test the quality of management and progress towards embedding TCF. It said it wants to help firms make faster progress in meeting its deadline and to identify more quickly those firms that need regulatory attention. The initiatives will commence early next year, with the results helping the FSA to better target its resources at the firms which it said pose the biggest risk to its objectives. Jonathan Fischel, head of investment in the FSA’s small firms division, said that the regulator aims to, over time, vis...