Give peace a chance
The FSA's mediation pilot scheme has seen only one case since its inception a year ago. This is due to the scepticism of legal advisers rather than because of any inherent flaw in the process, write Sidney Myers and Catherine Harris
When the Financial Services Authority’s (FSA’s) enforcement regime started on 1 December, 2001, one of its most innovative features was the availability of mediation in disciplinary proceedings against either authorised firms or approved persons.
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