View more on these topics

Regulator boosts police links in anti-crime battle

The FSA has strengthened its arrest and search capabilities by reinforcing links with police chiefs throughout the UK in the fight against financial crime.

The regulator has signed a memorandum of understanding with the Association of Chief Police Officers, setting out how the FSA and police forces in England and Wales should co-operate over the arrest and questioning of suspects. The agreement is designed to simplify the way that the FSA and the police work tog-ether during investigations into cases such as insider dealing and false statements. It replaces a limited agreement with the City of London police which has been used as the basis for co-operation since 2003.

The new memorandum also lays out how the police an the FSA should work together once the regulator has applied for a search warrant to search the premises of firms which withhold information.

FSA spokeswoman Kate Burns says: “It seemed sensible to widen the scope of the memorandum of understanding and have an agreed pro- cess signed by chief police officers across the country.”

Beachcroft Wansbroughs managing director Richard Hobbs says: “The regulator has always found it difficult to co-operate with the police because they have different priorities. The memorandum of understanding might improve communication but it is not likely to cause fraud to rise up the police’s priorities.”


Advisers unprepared for MER

38 per cent of advisers have done nothing to prepare for the FSAs new mandatory electronic reporting regime, according to research from technology firm 1st.The survey also shows 13 per cent of firms have not even heard of online reporting which has been in place since July 1, although the first deadline for submissions has […]

Hoff property

Building Societies’ Association press and public affairs officer Rachel Le Brocq was absolutely devastated when the BSA moved offices, losing all her pictures of David Hasselhoff in the process, a colleague reveals. But who should ride to the rescue? Ex-MM and Money Mail hack James Coney – head and sole member of the Journalists’ Hasselhoff […]

University town house prices rise 88 per cent

There was an 88 per cent rise in property prices in the top 20 performing university towns and cities in the past five years, compared to the UK average of 83 per cent, according to Halifax research.Out of these top performing universities, the research found Manchester recorded the highest property price growth since 1999, with […]

Skandia slashes Bankhall value

Bankhall is now valued at just 25m after Skandia wrote down 82m following a writedown of 70m last December, The new move fuels industry speculation that Skandia is poised to sell the loss-making support service organisation. Skandia paid 145.8m for an 81 per cent stake in the business in 2002, valuing Bankhall at 180m, and […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm