On January 19, 2005, the FSA has published its Financial Risk Outlook 2005, which details the risks that it sees facing the financial sector and its customers. The Outlook sets out the background against which the FSA sets its priorities for the year, which will be detailed in the Authority's Business Plan to be published next week.
The Financial Risk Outlook highlights a number of priority risks including the need for people to take greater individual responsibility for long-term financial provision, the popularity of some consumer products that are very complex, and the need for rigorous risk management by firms of complex and relatively illiquid instruments. The Outlook also considers three variations on a central scenario of sound domestic and global economic performance in the year ahead.
See Press Release and see the Report.
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