'Tough' FSA: What exactly does a TCF visit involve?

The FSA has undoubtedly ramped up its enforcement action on firms straying from the boundaries being set by the watchdog. According to city law firm Reynolds Porter Chamberlain, the FSA issued a record number of fines in 2009/10, eclipsing the record levels of the previous year by a whopping 21%. In total, the report suggests that the regulator handed out penalties totalling £33.1m over the course of the year with eight fines of more than £1m taking place. It is evident the FSA is certainly delivering on its promise to get tough, which underlines the message that it will not tolerate ...