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Private equity: a discussion of risk and regulatory engagement07/11/2006. Source: Financial Services Authority (FSA).
 The UK Financial Services Authority have recently undertaken a wide-ranging review of the private equity market, drawing together different themes, with a view to ensuring that the overall level and form of regulatory engagement for the industry is optimal. This is the communication of their findings to the market and to other regulators and public policy makers.
In the first quarter of 2006 we published the FRO (Financial Risk Outlook), which outlined our assessment of the key risks arising to the statutory objectives that guide our regulatory activity. We also published our Business Plan, which drew attention to areas where we might undertake investigatory work to increase our understanding of those risks and ensure that our regulatory response to them is both effective and proportionate.
Private equity was mentioned several times in those papers as there are a number of recent developments in the private equity market which are either linked to previous areas we have focused on or where new issues arise. We have recently undertaken a wide-ranging review of the private equity market, drawing together different themes, with a view to ensuring that the overall level and form of regulatory engagement is optimal. We now wish to communicate our findings to the market and to other regulators and public policy makers.
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The Financial Services Authority (FSA) is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. We are a company limited by guarantee and financed by the financial services industry. The Treasury appoints the FSA Board, which currently consists of a Chairman, a Chief Executive Officer, three Managing Directors, and 10 non-executive directors (including a lead non-executive member, the Deputy Chairman). This Board sets our overall policy, but day-to-day decisions and management of the staff are the responsibility of the Executive.
This Discussion Paper (DP) Published on AltAssets with the agreement of the Financial Services Authority (FSA).
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