Isle of Man FSA introduces a 'more risk and impact-led' approach to supervision

Mark Battersby
clock • 2 min read

The Isle of Man's Financial Services Authority said on 7 November that "central to its plans has been the introduction of a more risk and impact-led approach to supervision". In its just released annual report the island's regulator said that "the new framework is aimed at achieving better outcomes by delivering a consistent, proactive, and value-added model of engagement". A further step change highlighted in the report concerns the transition to a more sustainable funding model for the regulation and oversight of the finance industry. The phased introduction of a new fee structu...

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