The FSA’s move towards more Principles Based Regulation is well underway – but what might this mean in practice for your firm?

The FSA believes that the move towards more principles-based regulation will give firms more flexibility to innovate as to how they achieve the outcomes the FSA is seeking. There is a profusion of different business models in financial services. By having a better understanding of the regulatory outcomes that the FSA is seeking to achieve, firms will be in a position to assess how, in the context of their particular business, those outcomes can be most effectively and efficiently delivered.

This course explores what the FSA is hoping to achieve with its move away from detailed rules and towards high level principles, the outcomes it is focusing on, and the implications of the policy for both wholesale and retail firms.