The Financial Services Authority has published its business plan setting out its priorities for 2012/13, and the implications for the FSA’s budget.
The document outlines the FSA’s specific initiatives for the year ahead, which reflect the continuing challenges facing the financial services industry. This is likely to be the FSA’s final business plan before it splits into the Prudential Regulation Authority and the Financial Conduct Authority in 2013.
This year’s business plan has been set against a very difficult macro-economic environment. Against this challenging backdrop, the FSA has been focused on delivering its statutory objectives and implementing the regulatory reform programme as set out by the government.