FSA fines more than double to record £88m

fsa-building-revolving-doors

RPC claimed that the record fines are clear evidence that the FSA's more intrusive regulatory approach is hitting firms hard.

Jonathan Davies of RPC, commented: "The FSA has been much more aggressive this year. The FSA has had new political masters to impress this year but we may have reached the point where this level of regulation could be having a negative effect on the financial services sector."

RPC noted that the number of fines handed out by the FSA more than doubled to 88 from 40 last

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: