BusinessCompany NewsFSA ups enforcement spending

FSA ups enforcement spending

The City's financial watchdog is to increase the amount of money devoted to pursuing offenders and enforcement.

The Financial Services Authority has revealed it will spend £20m on enforcement in the financial year beginning April 2004.

The money will come from a total budget of £240.6m and will increase the sums that can be spent on outside help including accountants and lawyers.

The FSA’s chief executive John Tiner said the raised spending recognised the increasing complexity of financial cases.

‘Our business plan for 2004/5 represents a clear alignment between our strategic aim to maintain efficient, orderly and clean markets and to help retail consumers achieve a fair deal, our regulatory priorities and the new operating model through which we will deliver these priorities,’ said Tiner.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

12m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor