LONDON, Sept. 20 (Business Law Currents) – If the death sentence of the UK’s Financial Services Authority (FSA) was to earn a last request then it may well have been to introduce a new era of aggressive enforcement as it prepares to hand over power to the Financial Conduct Authority (FCA).
It may have slept through the worst financial crisis in living memory and be about to be put to death but this seems to have only invigorated the FSA in its enforcement actions, as it introduces increasingly tough measures on financial firms. Dead man walking? Perhaps. But beware of those boots, as the FSA toughens up its enforcement actions. (more…)