Following a request under the Freedom of Information Act, the FCA has disclosed to the Financial Times that in 2012 it received 857 requests for assistance from foreign regulators. By country, the largest number of requests came from the US (248 requests) with France being in second place (152 requests). The overall number of requests is down from the 1023 received in 2011. As the FT note, the spike in that year was (no doubt) the result of multiple investigations into LIBOR fixing. Nevertheless, the figures for 2012 demonstrate that, if nothing else, London (and hence the FSA) often finds itself involved in regulatory investigations commenced in other jurisdictions. What is less clear is the level of active involvement of the FSA in the foreign investigations to which these requests relate.
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