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Perspective 7.1.24 - who is the Financial Services Authority and what do they do? All the answers in this week’s Perspective.
Perspective
Friday, 8 December 2023 - 50 minutes
The Financial Services Authority is a body whose influence we only tend to come across when we’re trying to open a bank account and having to prove in triplicate who we are. The FSA has, though, a significant influence on the financial services sector which generates over a third of our economic output so we probably do need to know a bit more about them. The FSA talks in its recent report of a need for change so what’s driving that change and how will this FSA shape the future of the Manx finance industry? Money makes the world go round but only if it can prove who it is and where it lives!
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