FSPP’s latest survey of regulated firms shows that firms that had recent contact with FSA were more satisfied with their relationship with the regulator than those that had not dealt with it recently. Key comments from industry on regulatory approach include:

  • there should be no automatic reading across of policies between sectors, and costs and impacts of new policies must be considered; and
  • there should be better continuity in supervisory teams, which should comprise individuals with appropriate knowledge. (Source: Press Release and sixth survey of FSA’s regulatory performance)