FSA to toughen up enforcement sanctions

fsa-logo-jpg-jpg

Regulator vows to hit individuals in the pocket

The Financial Services Authority (FSA) has published plans to create a consistent and more transparent framework for calculating financial penalties which could mean some fines treble in size.

The FSA said the new plans reflected its determination to change behaviour and address concerns that firms were repeatedly failing to improve standards (e.g. in relation to mis-selling to consumers and market misconduct).

They will also aim to ensure that fines better reflect the scale of the wrongdoing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: