When the going gets rough, the FSA gets tough

Leader

As the FSA gets tough on the split-capital trust industry, the regulator is setting down a pretty fi...

As the FSA gets tough on the split-capital trust industry, the regulator is setting down a pretty firm marker on how it is likely to behave in the future. By asking 21 groups subject to investigation to come up with an appropriate settlement package for investors, it is, in essence, stating that when a blanket wrong has been committed, blanket redress must be provided. Individual firms within the 21 might not be guilty of the market manipulation the regulator suspects, or it might not be able to prove their guilt, but the FSA's view is that this can be glossed over for the greater good ...