FSA calls in the consultants

The Financial Services Authority (FSA) is bringing in external consultants to benchmark its investment in new systems and ensure its IT processes and controls are in line with industry standards.

The Financial Services Authority (FSA) is bringing in external consultants to benchmark its investment in new systems and ensure its IT processes and controls are in line with industry standards.

In its Business Plan 2008/9, published last week, the financial services watchdog outlined its plans to analyse progress on an IT transformation programme that started in August 2005.

"To measure our progress in transforming our IT function, we are benchmarking ourselves against our peers through a series of independent benchmark assessments by external consultants to confirm to what extent the FSA has appropriately mature IT processes, controls and whether these are implemented properly by our staff," said the FSA.


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