FSA announces 2003 priorities
The UK's Financial Services Authority (FSA) outlined its strategy for fiscal year 2003-2004 in its annual budget and a report, Financial Risk Outlook 2003, released in late-January.
The documents are packed full of new initiatives for the FSA in 2003 and various operational risk areas will be receiving additional attention in the coming 12 months.
To begin with, the overall budget for 2003/4, £215.4 million, is slightly higher than in 2002/3 when the forecast spending at the agency was £210 million. Part of the increase is due to rising insurance and real estate costs
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