Dawn raids by the FCA have hit their highest level in almost a decade, according to reports, as the regulator carries out more investigations than ever and "looks to rebuff criticism it is slow to react to misconduct".
This Financial Times report highlighted the watchdog's latest data, showing the Financial Conduct Authority (FCA) undertook 25 dawn raids in 2018 - nearly double the previous year and the highest number since 2010, when, "reeling from the fallout of the financial crisis", it began taking a tough stance on wrongdoing. "While the relatively small number of raids means any change will look disproportionately large, the rise in searches tracks a parallel increase in the overall number of investigations the FCA has opened," the FT said, noting the authority's annual report showed it had 504 i...
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