FSA fails to crack down on bankers' pay

Holt, Natalie
December 2012
Money Marketing (Online Edition);12/31/2012, p2
The article reports that Great Britain's Financial Services Authority (FSA) has failed to bring a single enforcement case over failures in complying with the regulator's remuneration code. It notes that FSA officials have been holding back from introducing enforcement cases and are instead choosing for regular informal conversations with banks and brokers. The FSA launched its remuneration code in 2009 in a bid to cut the size and number of payments made to new staff by banks.


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