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Comments
About time
I am inclined to feel that these two organisations on the face of it are doing their in establishing this process but I have two questions, firstly why has it taken until now to establish such work and secondly are they even capable or willing to address a potential issue before they have to. After all they known about most of the current problems long before they hit the fan, or at least they were warned about them.
Posted by: Darrell Monteith
and finally
20 years of regulation and they finally start looking ahead. It used to be said of accountants their only job at the end of the year was to count the dead and bayonet the wounded. I think FSA Lifted that mantle some time ago now...
Posted by: Simon Webster
Jobs for the boys
In a world on increasing unemployment it good to see the FSA creating more jobs for the boys - who probably have one anyway. For a organisation that couldn't see a financial crisis when it was already on top of them, why should we assume they are now able to become clairvoyant. They should stick to their specialty - retrospective management, that way we at least have the excitement of never knowing whether we have done right or wrong until it is too late.
Posted by: Glen McKeown