The Financial Services Authority (FSA) has written to the CEOs of 5,000 regulated firms to reinforce how its intensive regulatory approach applies to approving and supervising senior personnel performing significant influence functions (SIFs).
The City regulator said that under its new approach to supervision, it would not be happy to rush approvals in a couple of days, and would expect to take part in the short-list stage for large institution appointments.
Thursday, 15 October 2009
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