The FSA said it is to conduct an "end to end" review of its enforcement process to see if it could be shortened without loosing fairness.
Director of enforcement Andrew Procter, speaking at the FSA's Enforcement and Law conference in London, said: "The decision making process is a long one. Even without delay or requests for an extension of time, under the process we have designed it takes five months or more to move from the end of an investigation to a Decision Notice. We must ask if that is too long."
"But, is it a process that delivers timely results? We have therefore commenced a review of the decision making process and, in particular, those parts of it established as matters of FSA policy."
"We want to determine whether the decision making process can be shortened without a loss of fairness to affected parties or a loss of respect for the process itself."
