UK: the FSA's 2011/12 business plan published

The Financial Services Authority has published its 2011/12 business plan: see here (pdf). The document is interesting for many reasons, not least because it sets out what work is taking place in the move towards a new financial regulatory structure, and also because Hector Sants, the FSA's chief executive, has highlighted once more the importance of changes at the European level (the creation of new supervisory authorities) which have reduced the policy making role of the FSA and its successor authorities.