The FSA has published a policy statement 10/15: Effective Corporate Governance (Significant Influence Controlled Functions and the Walker Review). This policy statement sets out a summary of the responses the FSA received to its consultation published earlier this year, Effective Corporate Governance (Significant Influence Controlled Functions and the Walker Review). This paper advanced a range of proposals designed to improve the quality of governance and the intensity of the regulatory regime. The policy statement also includes the final handbook text that will implement the proposals that are designed to strengthen effective corporate governance and risk management.