FSA announces 2003 priorities

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, but the agency will also be boosting staff in the enforcement division by 10% in the coming

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Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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