The Financial Services Authority
The financial services authority by Great Britain: National Audit Office The National Audit Office was invited by HM Treasury to review the economy, efficiency and effectiveness with which the FSA has used its resources. The main conclusions cover five main areas: 1) perfo.... Published date on: 2007-04-30 with total page: 98 pages. Publisher of The Financial Services Authority is The Stationery Office.
The National Audit Office was invited by HM Treasury to review the economy, efficiency and effectiveness with which the FSA has used its resources. The main conclusions cover five main areas: 1) performance management, where the FSA is developing useful tools to manage its performance but needs to enhance its grip on cost information and streamline the Outcomes Performance Report; 2) working with other UK regulators - the FSA has good relationships but should focus on working collaboratively with the Office of Fair Trading; 3) international influence and representation, where it is generally effective but should sharpen its communication to stakeholders; 4) financial crime - combating financial crime has received less attention than other areas of FSA's responsibilities but it has recently restructured to enhance its efforts in this area; 5) financial capability of consumers - the FSA is a world leader in this but it should focus on the costs of low financial capability and develop a medium term strategy.
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