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What do they want to see

There are some good points and a strong warning here, however as much of this is based on the need to understand what the FSA want to see how do you ensure that what you are presenting is in line with the FSA thought processes? Many compliance officers have a very good understanding of what the handbook says, but a very weak understanding of what the FSA actually want to see as a deliverable. Not surprising as it varies from firm to firm and there is no clear guidance available on "what looks good". As an ex supervisor I know how difficult it is but at least now I can actually tell people whilst I am looking at their business instead of writing a 5 page letter weeks afterwards.

Posted by: Bryan James

24 May 2010 | 11:42
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Financial services industry gets ready for tougher regulation

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