In the last week:
- Margaret Cole spoke on economic crime and FSA’s move to bring prosecutions for insider dealing. She spoke of the enforcement tools FSA has available and its aim to improve market cleanliness. She also noted FSA has asked for the power to offer witnesses statutory immunity to add to its existing powers to undertake not to prosecute; and
- Philip Robinson spoke on financial crime and market stability. He focused on FSA’s recent concentration on combating mortgage crime, and how it was working to bring cross industry engagement to its efforts. He spoke also of FSA’s commitment to the risk-based approach and its “Scale and Impact” work to assess the scale and incidence of different types of financial crime and their impact on the UK.