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FSA vision for &#39New Millennium&#39

The Financial Services Authority is publishing its new operating framework “for a new millennium”.


The statement includes details on the regulator&#39s understanding of its statutory aims and assesses the risks of achieving statutory objectives .


The document also describes the range of regulatory tools the FSA will use and how the it will implement its strategic approach.


FSA chairman Howard Davies says: “Our new regulatory approach will be proactive and preventative, aiming to head off problems in advance.”


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