BusinessCompany NewsRadical shake-up planned for FSA

Radical shake-up planned for FSA

A huge management restructuring exercise looks set to go ahead at the Financial Services Authority.

Link: FSA and DTI websites under fire

The City Watchdog is expected to announce today that it will slash the number of its committees, re-deploy staff and split the organisation into two areas – one for the industry and one for consumers.

The shake-up comes after a review by the new chief executive John Tiner and is aimed at helping the FSA to get ready for a huge increase in the volume of its work.

By 2005, the number of companies it regulates will leap from some 12,000 to 50,000.

Tiner is believed to want the authority to focus more on implementing regulation rather developing new policies reported the Financial Times newspaper.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor