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The plan sets out the FSA's programme of work for the year ahead to address the risks highlighted by the Financial Risk Outlook, published last week 29 January.
The document outlines specific FSA initiatives regarding heightened supervisory oversight in areas such as firms' liquidity, adequacy of stress testing and their general operational preparedness for unexpected events.
Hector Sants, chief executive of the FSA, said: I believe those lessons support our underlying regulatory philosophy, but nevertheless do require some special initiatives, which are incorporated in the Plan.
I believe in executing this year's business plan the FSA will demonstrate these characteristics. The FSA will also publish a report on firms' systems and controls for managing the risk of consumers' personal data being lost or stolen, with feedback to the industry on good practice and areas of improvement.
The FSA, together with the Bank of England, will continue work on the regulatory framework for liquidity, the publication of a Discussion Paper in December being the first step.
Within the Enforcement division, the strategy is to achieve credible deterrence. The FSA will seek to increase penalties to achieve this goal. The Financial Services Compensation Scheme FSCS element of the fee calculator is currently being developed to incorporate the restructuring of the FSCS funding model, and firms will not be able to use this facility until mid-April To help firms estimate their FSCS levy in the interim, the FSA will be publishing some examples of the likely levy for typical firms on the fees section of its website.
Read the FSA's business plan here:Flexible Spending Account - Healthcare. The Healthcare Flexible Spending Account (FSA) allows employees to allocate money pre-tax for reimbursement of out-of-pocket medical expenses incurred by the employee and dependents during a plan year.
Apr 13, · Last month, the Financial Services Authority (FSA) published its Business Plan /12, Retail Conduct Risk Outlook and Prudential Risk Outlook The two risk outlook documents together previously formed the FSA's Financial Risk Outlook.
The FSA has split the old Financial Risk Outlook into. N. Moloney, ‘The European Securities and Markets Authority and Institutional Design for the EU Financial Market — A Tale of Two Competences: Part (1) Rule-making’, 12 European Business Organization Law Review () p.
41 (Part 1). April 8, SalesFlash, CareFirst BlueCross BlueShield (CareFirst) announced that Blue Cross Blue Shield of Delaware would no longer offer Flexible Spending Account (FSA) administrative services to groups of non-Delaware accounts effective immediately.
Help a Reader: Flexible Spending Account (FSA) Overspending. 15 Responses to “Help a Reader: Flexible Spending Account (FSA) Overspending” We had been enrolled in an ongoing FSA and we received a letter of acceptance for the plan year for our FSA acct.
The funds have been deposited and are available. Class participants learn goal setting, financial planning, business plan creation, alternative marketing, and low-cost sustainable farming techniques.
When classes end, participants take part in a series of on-farm field days during the spring and summer.