Watching the watch‐dog

Abstract

Purpose

This paper seeks to consider the first ever report by the National Audit Office (NAO) on the economy, efficiency and effectiveness of the Financial Services Authority (FSA).

Design/methodology/approach

This paper reviews the NAO's report and the FSA's response.

Findings

The paper finds that the majority of the NAO's findings and recommendations have been accepted and incorporated into the FSA's planning.

Originality/value

This paper will be of interest to regulated firms and regulatory and public law lawyers.

Citation

Burger, R. and Dodsworth, W. (2007), "Watching the watch‐dog", Journal of Financial Regulation and Compliance, Vol. 15 No. 4, pp. 464-471. https://doi.org/10.1108/13581980710835290