Fivefold rise in FSA fines to record £27m

Jones, Lee
June 2009
Money Marketing;6/11/2009, p14
The article reports on the growth of fines imposed by Great Britain's Financial Services Authority (FSA) to financial institutions in 2008. It was found that the fines collected by the agency rose by 514 per cent to £27.3 million in thee said year. According to law firm Reynolds Porter Chamberlain LLP, the increase in fines was brought by the fraudulent activities carried out by financial instutions due to the economic crisis.


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