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CITY VIEWS: DO YOU THINK THE FSA'S NEW FINES WILL MAKE CITY MISCREANTS SIT UP AND TAKE NOTICE?

<strong>STEWART DOGUID </strong> AVIVA INVESTORS<br />&ldquo;I don&rsquo;t think so &ndash; individuals will still feel that their gains outstrip the punishment, just as a frequent gambler might do, while companies will just see it as an increase in red tape. It&rsquo;s all talk from the FSA but unfortunately very little substance.&rdquo;<br /><br /><strong>OLLIE BARTON-JONES </strong> LANCASHIRE INSURANCE<br />&ldquo;I think this sounds like a knee-jerk reaction to the criticism the FSA has faced recently. It probably will improve the regulator&rsquo;s public image, but if people are out there committing market abuse, they are almost certainly aware of the penalties involved already.&rdquo;<br /><br /><strong>KARL TURNER </strong> RBC DEXIA<br />&ldquo;Yes, I do. Take the Bernie Madoff case, for example: something like that should be an opportunity to encourage a new approach to the way the financial system is regulated. It will take a long time to change the City&rsquo;s attitude to the FSA, but this is certainly a start.&rdquo;<br /><br /><strong>MICHAEL CHEESEMAN </strong> AIOI<br />&ldquo;These measures are something the FSA has been forced into by recent events, though their hands are practically tied. Will people take notice? I&rsquo;m not sure, but at least it&rsquo;s a start. The FSA is essentially damned if they do and damned if they don&rsquo;t.&rdquo;<br />