The head of the FSA’s Savings and Investments Department, Linda Woodall, spoke to the Association of Professional Compliance Consultants’ London Forum (9 March 2010) on what intensive supervision means for small firms. She said that the FSA is currently focusing on three key risk areas:

1. making sure that small firms have sustainable business models;
2. the overall quality of their advice; and
3. the standard of management and control.

• http://www.fsa.gov.uk/pages/Library/Communication/Speeches/2010/0309_lw.shtml