UK regulator revamps enforcement division

The Financial Services Authority (FSA), the UK industry regulator, will offload a third of staff from its enforcement division as part of its shift from a rules to a principles-based regulatory framework.

The FSA plans to reduce the size of the enforcement division by 20%, but will increase salaries in order to attract talent from the leading law and accountancy firms.

In an interview with the Financial Times newspaper Thursday, Margaret Cole, who heads the enforcement division, said the revamp

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account