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FSA enforcement process review

Richard Burger (Mills & Reeve, Cambridge, UK)

Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Article publication date: 1 January 2006

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

Citation

Burger, R. (2006), "FSA enforcement process review", Journal of Financial Regulation and Compliance, Vol. 14 No. 1, pp. 14-23. https://doi.org/10.1108/13581980610644716

Publisher

:

Emerald Group Publishing Limited

Copyright © 2006, Emerald Group Publishing Limited