This practice note provides an overview of the FSA's priorities and key messages for firms for 2009/10 outlined in the FSA's:

Financial Risk Outlook for 2009 (FRO), which was published on 9 February 2009; and

Business Plan for 2009/10 (Business Plan), which was published on 12 February 2009.

Following the publication of these documents, PLC Financial Services asked leading financial services practitioners to identify the key points of interest in the FRO and Business Plan, and to comment on the FSA's objectives over the coming year. The following article sets out their thoughts: Practice note, FSA Business Plan: bridge over troubled water?.