Finance companies and executives face tougher regulatory vetting in one of the first signs of the City watchdog’s efforts to become more intimidating, lawyers say. The Financial Services Authority is delving deeper into the pasts of those it supervises in what solicitors see as a crackdown that could lead to more companies and individuals being excluded from the market, the FT reported. The action comes with the FSA under heavy pressure to counter accusations that it failed to regulate financial institutions and their bosses sufficiently rigorously before the credit crisis hit.

This entry was posted by Stacy-Marie Ishmael on Tuesday, April 7th, 2009 at 5:01 and is filed under Capital markets. Tagged with fsa. Edit this entry.