Feature: Tough talking

It has been more than 20 months since the Financial Services Authority took over from the Department of Trade and Industry to police insider trading. So far, there has been little to justify the fears of a draconian crackdown as envisaged by many commentators in the run-up to the N2 big bang on Dece...

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Bibliographic Details
Published in:	The Lawyer 2003-09, p.22
Format:	Article
Language:	eng
Subjects:	Davies, Howard Financial services Government agencies Insider trading Investigations Public officials Regulation of financial institutions
Online Access:	Get full text
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Summary:	It has been more than 20 months since the Financial Services Authority took over from the Department of Trade and Industry to police insider trading. So far, there has been little to justify the fears of a draconian crackdown as envisaged by many commentators in the run-up to the N2 big bang on December 1, 2001. In fact, many have been wondering just what has been going on at FSA HQ at Canary Wharf. So what should we expect of the 'dirty dozen'? For a start, Sir Howard Davies apparently did not come up with the Lee Marvin movie-inspired nickname for the forthcoming actions. In fact, the press reports have prompted "something of a kerfuffle" at FSA HQ, where some are upset at the presumption of guilt that the moniker implies. More significantly, Sir Howard has been keen to dampen down expectations of high-profile scalps.
ISSN:	0953-7902