Tribunals are "slowing FSA down" says McCarthy - papers 22nd Sept

The FSA's new chief executive, John Tiner, last year pledged to speed up the time it took the regulator to carry out inquiries, however, Callum McCarthy, the FSA chairman, has now confessed to the City appeals to the financial services and markets tribunal was preventing the regulator reaching this goal. Mr McCarthy said the FSA had cut the time it took to investigate alleged rule breaches by 30%. "But this improvement may be outweighed by other developments," he said, referring to tribunals such as that now sought by Shell after it’s £17m fine. The Times adds to the story by suggestin...