FSA beefs up its prosecutors in bid to get tough on illegal activities within the City
The Financial Services Authority has pledged to clamp down on illegal activities within the City and has more than doubled its criminal prosecution team.
Testifying at the treasury select committee, chief executive Hector Sants, described the level of market abuse as ‘unacceptable’.
The FSA has been criticised for taking a softer approach to policing London’s markets than other regulators, such as the US Securities and Exchange Commission.
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