Legal: The lay of the land
Dan Preddy, financial services partner at Beachcroft, looks at what brokers can expect from the FSA in 2010
It has been a busy few weeks down at the Financial Services Authority. The launch of its new penalties policy (which could see enforcement fines treble in size to support the principle of "credible deterrence") and consumer protection policy (which would see the FSA actively intervening for the first time in product development and design) naturally grabbed the headlines.
When the FSA starts talking about "amplifying" the deterrent effect of its penalties further (despite a year of record fines
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