Review of City prosecutions
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”.