Objection to terms of FSA decision notice heard by Financial Services and Markets Tribunal

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Journal of Financial Regulation and Compliance

ISSN: 1358-1988

Online from: 1992

Subject Area: Accounting and Finance

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Document Information:
Title:	Objection to terms of FSA decision notice heard by Financial Services and Markets Tribunal
Author(s):	Joanna Gray, (University of Newcastle upon Tyne, Newcastle upon Tyne, UK)
Citation:	Joanna Gray, (2008) "Objection to terms of FSA decision notice heard by Financial Services and Markets Tribunal", Journal of Financial Regulation and Compliance, Vol. 16 Iss: 1, pp.116 - 119
Keywords:	Legal decisions, Senior managers
Article type:	Viewpoint
DOI:	10.1108/13581980810853271 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Abstract:	Purpose – The purpose of this paper is to outline the objections to terms of FSA decision notice heard by the Financial Services and Markets Tribunal. Design/methodology/approach – The paper outlines the facts surrounding the decision and comments on the ruling. Findings – It was found that this ruling shows the difficulty facing senior individuals who have worked in head of compliance and other senior management functions within firms which are subsequently subject to discipline and enforcement for breaches of FSA rules and principles in relation to corporate governance, systems and controls and other serious compliance failings. Originality/value – This paper provides useful information for those working in a senior management role.