Regulators collaborate to target firms already probed in one jurisdiction
A dramatic rise in international cooperation between regulators is fuelling a spike in increasingly invasive, multi-jurisdictional regulator investigations into companies says international law firm Freshfields Bruckhaus Deringer. Figures obtained from leading regulators the Financial Services Authority (FSA) and its US counterpart the Securities and Exchange Commission (SEC) show a marked increase in cooperation with their offshore counterparts, with the SEC increasing requests to foreign regulators for assistance on its investigations by 30% in the fiscal year 2009 (774, up from 594 in...
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