While not necessarily the best of friends, it would be fair to say the Financial Services Authority (FSA) and in-house lawyers have traditionally got on well. In a Legal Week Benchmarker survey last year, 71% of in-house lawyers said the organisation was an effective regulator, while a further 20% described it as highly effective.
General counsel Andrew Whittaker, who heads up the FSA’s 50-strong core legal team, thinks corporate counsel are less likely to be suspicious of the UK regulator than their non-legal business colleagues.
