Hector Sants, the head of the UK’s Financial Services Authority, said today that the newly-announced shake-up of financial regulation in the UK could undermine the nation’s tougher approach to insider dealing and customer mistreatment.
While many expect a new agency will handle criminal insider-dealing cases along with other frauds, the FSA is lobbying to retain its dual criminal and civil jurisdiction in the area, the FT reports.
FT: FSA chief warns on insider dealing.
