UK parliamentary commission attacks regulators’ ability to hold bankers to account

Enforcement: FSA questioned by parliamentary commission

The integrity and competence of the the UK's financial services authority (FSA) were questioned yesterday by the UK's Parliamentary Commission on Banking Standards, as it grilled the regulatory authority's head of enforcement and the Bank of England's chief legal adviser on how banks' misdemeanours are reported and investigated.

Tracey McDermott, the FSA's head of enforcement, fended off the commission's questions on whether the FSA had become subservient to those it was regulating.


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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: