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The FSA published its Business Plan setting out the FSA's programme of work for the year ahead to address the risks highlighted by the Financial Risk Outlook. The document outlines specific FSA initiatives regarding heightened supervisory oversight in areas such as firms' liquidity, adequacy of stress testing and their general operational preparedness for unexpected events.
The Business Plan also details the FSA's continuing commitment to the Treating Customers Fairly programme (TCF), the Retail Distribution Review (RDR) and the Financial Capability Programme. The FSA will publish a report on firms' systems and controls for managing the risk of consumers' personal data being lost or stolen, with feedback to the industry on good practice and areas of improvement.
Following the Financial Stability and Depositor Protection Consultation Paper published on
Published alongside the Business Plan, the 2008/9 Fees Consultation paper explains how the FSA proposes to raise the annual funding requirement from fee payers and provides an opportunity for comment on the fee and policy proposals.