Review of City prosecutions

Tim Wallace
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THE CITY watchdog’s workload has expanded so much since the financial crisis struck that the Treasury yesterday announced a review of how it was coping.

In 2009-10, the authorities issued £33.6m in fines. That rose to £432.2m in 2012-13.

Chancellor George Osborne said the review was intended to ensure “regulators pursue a model of enforcement that delivers the appropriate balance of fairness, transparency, speed and efficiency”.