THIS MORNING'S papers are discussing the speech by the FSA's head of enforcement, in which she says the watchdog is ready to be harsher with rule-breakers.
The Financial Services Authority is preparing to hand out higher fines to companies and people that break its rules, amid suggestions that the watchdog's penalties are being viewed as a "cost of doing business", reports The Financial Times. Margaret Cole, the FSA's new head of enforcement, said the regulator had reviewed the level of penalties following comments from some market participants about their effectiveness. Her comments, made in a speech to the Securities and Investment Institute's Compliance Forum, suggest the FSA will continue to take a tough line with those who have broken...
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