FSA principles approach under fire


James Smith, a senior manager at Ernst & Young, said the FSA seemed to be targeting certain managers such as those in small firms for disciplinary action over misdemeanours rather than the staff actually involved in any wrongdoing.

In fact, he likened the move by the FSA to the 1756 Battle of Mallorca, paraphrasing Voltaire (and more recently Frank Bowman from the US University of Missouri-Columbia) that: "In this country, England, we find it pays shoot an admiral from time to time to encourage

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here