Non-Environmental Cost-Benefit News

Link: http://www.fsa.gov.uk/pubs/speeches/sp216.html

Speech by Kari Hale, Director, Finance, Risk & Strategy Division


The U.K.’s Financial Services Authority (FSA) has set forth 22 investment priorities it intends to tackle next year. In a speech before risk-compliance executives, Kari Hale, director of the FSA’s Finance, Risk & Strategy Division, said the priorities include strengthening insurance and reinsurance regulation, the listing review, action on mis-selling and depolarization. Hale said the FSA does not expect to introduce “a raft of new policy measures,” but rather, expects to see the further development in and the implementation of its mortgage and general insurance regime and the launch of a “lighter regime for some products.” To stress this point, Hale notes that FSA chief executive John Tiner at the FSA’s annual public meeting in July said the authority is “absolutely determined that we will exercise our discretion to make new rules only where this can be justified by a robust market failure and cost benefit analysis.”