The FSA has issued a brief statement in response to the Walker Review on the governance of banks and other financial institutions, saying that it believes that its recommendations will contribute to the debate on strengthening corporate governance.
There are many parallels between the FSA’s work and the recommendations of the Review, particularly in the areas of risk management, remuneration policies and strengthening the approval process for significant influence functions (SIFs).
The FSA aims to contribute to the consultation process and will issue a paper later this year. The paper will outline a proposed response to any final recommendations of the Walker Review that may have implications for the activities of the FSA.
View FSA Statement re: Walker review, 16 July 2009