Dawn raids conducted by the Financial Conduct Authority (FCA) have fallen by four-fifths from the mid-crisis-high in 2009, with only seven being carried out in 2016, according to research from law firm RPC.
Compared to the 37 dawn raids that took place in 2009, the number has fallen close to a 2007 pre-crisis low of just four. RPC also found that FCA fines fell significantly last year, from £905m in 2015...
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