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FSPP launches 2008 survey on FSA’s performance

The Financial Services Practitioner Panel has launched its 2008 survey of regulated firms, which assesses the FSA’s performance from an industry perspective.

The independent 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 performance over time.

BMRB International, on behalf of the FSPP, will be issuing a questionnaire to approximately10,000 firms over a two week period, including all relationship-managed firms and a representative sample of smaller firms.

The Panel says it plans to publish the survey findings later in 2008 and will use them in subsequent discussions with the FSA.

FSPP chairman Nick Prettejohn says: “The survey is an effective tool for communicating practitioners’ concerns, views and suggestions to the FSA. The higher the response rate, the more authoritative and credible the survey results will be. Past surveys have enabled the Panel to have a significant and direct impact on front-line FSA policy-making and operational development.

“With the help of firms we can once again ensure that this will be the case. It is in the interests of all practitioners to help the Panel by providing us with their open, honest and constructive input. I therefore strongly urge all firms who receive the questionnaire to take part in this important piece of work.”

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