Deloitte weighs up FSA's work on principles-based regulation

Evidence of the serious intent of the FSA can be seen in its setting aside a budget of £50 million over the next three years to support the initiative on principles-based regulation, in particular by improving the effectiveness of its staff and its knowledge-management systems, says the report.

The idea is not for wholesale change, but that a “rebalancing” is needed. The current 194 words in the FSA’s Eleven Principles for Businesses do not cover all contingencies, the report finds.

It is often sa

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: