FSA enforcement review set to disappoint

Instead, recommendations are set to focus on specific measures to bolster “internal workings and processes”, stopping short of reviewing in what types of case the FSA should execute its enforcement powers, Lawrance Graham states. Regulatory partner Angela Hayes, previously employed by the FSA, says the focus is about fine tuning rather than fundamental change to the way the regulator approaches this area of responsibility. "A lot of institutions have been fined over the years, even when they've been going to great lengths to put their houses in order and compensate customers. "The ...