UK FSA warned against using show of strength

UK - The financial watchdog has been warned that any attempt to get a high-profile City scalp purely to demonstrate its new powers could break its own rules.

Rosemary Radcliffe, who as complaints commissioner will investigate maladministration at the FSA, said she would be watching the early cases closely.

The news will come as a relief to many in the City who fear the Financial Services Authority will try to make an example of someone senior soon after taking on swingeing powers at the end of