The Financial Services Authority has an enormous IT plan?

I recieved a press release today from Steria. It was about a new framework agreement that it has signed with the FSA.

It looks like the FSA is preparing for some major IT work. Not just major but “enormous.”

In a press note regarding a framework agreement Gareth Lewis, chief information officer at FSA, said: “The rationale behind the new supplier framework is to provide increased competition amongst our supplier base given the enormous volume of work we anticipate in the next 4 years.”

A spokesperson at the FSA said this work is related to the FSA being split in two. The FSA has been one organisation for many years so there will be IT work to split the organisation and integrate the new ones.

The Steria press release says the framework agreement, which presumably other suppliers will sign, will help the FSA to be a more efficient regulator through technological upgrades, streamlined processes and enhanced productivity.

This could also mean a lot of work for the outsourcers.


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It could mean a lot of smaller projects for a greater number of outsourcers. That's the thing about frameworks! We'll have to see.