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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.
© Emerald Group Publishing Limited
2007
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