FSA enforcement process review
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