Deterrence is key, says FSA


"Generally, cases against individuals are hard fought, at many practical levels harder to prove, take longer to resolve and are less likely to be settled...nonetheless, we are committed to ensuring that appropriate cases against senior management are pursued robustly and with sufficient resource," she said.

Cole said when the "carrot" approach did not work, financial penalties would be used against wrongdoers. "Where we consider that behaviour justifies criminal rather than civil penalties, we

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