Practitioner panel begins second stage of FSA survey

The Financial Services Practitioner Panel has launched the second stage of its FSA performance survey.

The survey, which is carried out every two years, is aimed at gathering industry views on the FSA and establishing a track record of the regulator’s effectiveness and operations.

The first stage involved a series of interviews with senior staff from a cross-section of regulated firms and provided feedback to help identify issues for inclusion in the questionnaire that forms the second stage.

The questionnaire has been issued to over 10,000 firms; including all relationship-managed firms, a representative sample of smaller firms and, for the first time, to a representative sample of Mortgage and General Insurance firms.

Roy Leighton, chairman of the panel, says: “The survey is an effective tool for communicating practitioners’ concerns, comments and suggestions to the FSA. The higher the response rate, the more authoritative and convincing
the survey results will be.”

The Panel plans to publish the survey findings later in 2006. It will then use the information to inform subsequent discussions with the FSA.

Leighton adds: “Past surveys have enabled the Panel to have a substantial, direct impact on front-line FSA policy-making and operational development. I strongly urge all firms who receive the questionnaire to take part in this important piece of work.”