Tiner Clean-Up Plan Is On the Right Lines ; City Comment

Summary


IT'S NOT every day that Britain's most senior financial regulator quits and leaves behind a wish list, but that is what soon-to- retire Financial Services Authority chief executive John Tiner did last night in a valedictory address delivered under the auspices of the Chancellor's High- Level City Group.

His successor, whoever that may be, is not bound to act on any of these, but the list provides a compelling insight into what might soon be coming down the track.

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Tiner Clean-Up Plan Is On the Right Lines ; City Comment

One issue is market abuse and the frustration felt by the FSA as revealed in a separate paper published yesterday that said City houses do not take it as seriously as they should, while the FSA is not very good at mounting successful prosecu...

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