The FSA has published a short statement in which it welcomes the Treasury Select Committee’s contribution to the debate over the future of financial regulation.  

In the statement the FSA notes that the report acknowledges that it has proactively identified and rectified its historic mistakes and that the financial services sector has clearly felt this change in approach.  

The FSA states that it will respond to the report in full in due course.  

View FSA initial response to TSC report, 31 July 2009