
FSA trebles fines to £97m

The law firm compared the year to 31 March 2011 with the previous 12 month period and found there were 15 fines over £1m totalling £86.9m, up 216% from £27.5m the year before.
Jonathan Davies, partner in RPC's financial services team, commented: "The FSA has now begun the internal reorganisation that will result in its replacement and these fines show that it is making every effort to go out with a bang.
"This is quite an extraordinary cranking up of the FSA's enforcement activity. We are now
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Broker
Most read
- Aviva UK sees COR deteriorate and operating profit slip
- Tribunal overturns CMA Most Favoured Nation clauses ruling and £17.9m Compare The Market fine
- FOI reveals scale of FCA investigation into leaseholder insurance
- People Moves: 8-12 August 2022
- Policy Expert targets doubling within five years, says CEO Steve Hardy
- MGAs rising up GRP’s buying plans
- GRP-owned Newstead promotes Sarah Giles to managing director