Banks can expect more pain, warns City's top enforcer Tracey McDermott [1]
The Independent
James Moore [2]
Monday 13 August 2012
Tracey McDermott says further 'tough' action awaits, as fines hit record levels
The Financial Services Authority's new chief policewoman has warned the City that there will be no let-up in the tough line taken in response to a string of scandals.
The regulator has already smashed its 2010 record of £89.1m in fines, with the running total standing at £94.2m for the first seven months of this year.
To read the rest of this story, visit Independent.co.UK. [3]