The Strachan review of the FSA's enforcement procedures has prompted fears that companies under investigation may opt for settlement as a way of avoiding publicity. But the regulator's plans to beef up its legal spend have been welcomed. Ed Thornton reports.
August 03, 2005 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
When the Financial Services Authority (FSA) fined Legal & General £1.1m for mis-selling, the company’s chief executive, Sir David Prosser, refused to take the decision lying down.
He took the regulator to the Financial Services and Markets Tribunal (FSMT) and saw the fine reduced to £575,000. While the FSA’s decision was only partially refuted, the tribunal heavily criticised the FSA’s enforcement procedures, leaving the regulator with little choice but to launch a review.
Presented by BigVoodoo
Celebrating achievement, excellence, and innovation in the legal profession in the UK.
Legalweek New York explores Business and Regulatory Trends, Technology and Talent drivers impacting law firms.
Women, Influence & Power in Law Awards honors women lawyers who have made a remarkable difference in the legal profession.
Please note: Our client is hiring multiple attorneys for their offices in Angleton, Pearland, League City, and Friendswood, TX. While this i...
Philadelphia Plaintiff litigation firm seeks an associate attorney with at least 2 years' experience to join our team handling personal inju...
Position OverviewThe United States Judicial Panel on Multidistrict Litigation is accepting applications for the full-time, permanent positio...
