Regulation  

FCA steps up investigations

FCA steps up investigations

The FCA launched 109 investigations in 2014, 19 more than a year before, it has been revealed.

Pinsent Masons research based on data obtained through a freedom of information request showed that the watchdog had opened a total of 109 investigations in 2014, compared to 90 in 2013.

In 2014 it opened 49 investigations into firms, compared to 36 in 2013. The watchdog opened 60 investigations into individuals in 2014, compared to 54 in the previous year.

Article continues after advert

201220132014
Total number of investigations opened (against firms and individuals)13490109
Total number of investigations opened into firms473649
Total number of investigations opened into individuals875460

Michael Ruck, a financial regulatory specialist for Pinsent Masons, said: “What is surprising is that the number of individual investigations opened has declined overall in comparison with the number opened during the final years of its predecessor, the FSA.”