FSA risk projection 2004

The FSA's risk outlook attempts to highlight significant developments

BBC Radio 4's Money Box was broadcast on Saturday, 24 January, 2004 at 1204 GMT.

The programme was repeated on Sunday, 25 January, 2004 at 2102 GMT.

Paul Lewis talked to the Financial Services Authority (FSA) about the financial risks it believes will affect borrowers and savers in 2004, following the publication of its annual risk projection.

In Financial Risk Outlook 2004, the regulator has highlighted the need for consumers to take responsibility for their own financial affairs and plan for the future.

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It also urged that people carefully consider the level of debt they take on while commentators predict rising interest rates and continued low levels of inflation.

And it stressed that consumers should not put undue reliance on property as an investment given the unsustainable nature of the market.

We were joined by FSA Director of Regulatory Strategy and Risk Dan Waters.

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Click here for all other items on Money Box on Saturday

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Producer: Chris A'Court
Presenter: Paul Lewis
Reporter: Louise Greenwood
Web Producer: Nathalie Knowles