The story so far
In recent months the Financial Services Authority (FSA) has emphasised that it is moving towards a more principles-based view of implementing and administering regulation, and that it will focus much more on the outcomes that firms deliver.

So what now for the FSA?
The first step is for the FSA to deliver on the expectations they have raised.  In particular they will need to be clear about the outcomes that really matter, ensure enforcement is predictable and effective and continue to review the approach they put in place.

What should firms be doing?
Once the FSA has played its part in rebalancing the regime, there will be a number of key decisions that each firm will need to make.  To find out what these decision are and the time frame in which they need to be considered please review the full point of view below.

For further information, download our publication Principles–based regulation: what firms need to do now. (PDF, 294KB)