In-house lawyers' opinions are mixed over the FSA's move, announced last month, to set up a litigation and legal review unit within its enforcement division. Will the unit provide reassurance, or has the FSA understaffed this new team? Ed Thornton reports
February 15, 2006 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
The Financial Services Authority (FSA) has been digging into its pockets to address the criticisms it has faced during the past few years.
The regulator has increased its budget for 2006-07 by some £8.7m to £276.1m, up 3.25% on last year’s budget. Of this, £2m will be used to fund improvements to its widely-criticised enforcement process.
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