How does the City rate the FSA six months after it took on its full powers as financial watchdog?
Six months after the UK's Financial Services Authority took on sweeping new enforcement powers, the City's watchdog has already shown its teeth. But that's all it's done - shown them; it hasn't bitten yet. When the authority assumed its full powers in December 2001 it announced a crackdown on poor corporate disclosure standards. But were these just empty threats or is the UK regulator really cleaning up the markets?Many industry voices maintain that the UK market was already working pretty
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