FSA enforcement process review

Richard Burger

Journal of Financial Regulation and Compliance, 2006, vol. 14, issue 1, 14-23

Abstract: Purpose - To consider the recommendations made by the Financial Services Authority (FSA) enforcement process review (the review). Design/methodology/approach - This paper has considered the concerns raised by the Financial Services and Markets Tribunal in the Legal & General case, the reaction of the FSA to those concerns and the terms of reference for the review, plus the impact of the review's 44 recommendations. Findings - That the recommendations will bring greater transparency to the FSA's process of investigating regulatory breaches and taking enforcement action against firms and individuals, although it may take some time for the regulator and the city to adapt to the revised enforcement process. Originality/value - This paper will be of interest to firms and individuals in the regulated sector and regulatory lawyers interested in the FSA's enforcement process.

Keywords: Financial Services Act; Tribunals; Process control (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfrcpp:13581980610644716

DOI: 10.1108/13581980610644716

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