FSA Business Plan and Risk Outlooks 2011/12

Last month, the Financial Services Authority (FSA) published its Business Plan 2011/12, Retail Conduct Risk Outlook 2011 and Prudential Risk Outlook 2011.

The two risk outlook documents together previously formed the FSA's Financial Risk Outlook. The FSA has split the old Financial Risk Outlook into two parts to reflect the structural changes that are to be made to the UK's financial supervision system during 2012. The Retail Conduct Risk Outlook focuses on risks created by firms' conduct and which may impact upon consumer protection. The production of this document will in future fall under the ambit of the Financial Conduct Authority. The Prudential Risk Outlook addresses financial and macro-economic trends. It will in future form part of the Bank of England's Financial Stability Report. Finally, the Business Plan sets out how the FSA intends to address the risks it has identified.