Enforcement review to gather evidence from industry

A statement issued this afternoon by the Financial Services Authority says David Strachan, FSA director of retail firms and sector leader for insurance, will head up the review to be completed by mid-July but will not recommend any changes which require alteration of the Financial Services and Markets Act 2000. In particular, the Strachan review will draw upon the experience of “practitioners and others with direct experience of the FSA's enforcement processes” and then report to a sub-committee of the FSA Board, upon which the FSA’s new chairman of the Regulatory Decisions Committee – T...