Lessons From Review Of UK Banks' Anti-Bribery Systems
May 8, 2012, 1:19 PM EDT
Law360, New York (May 8, 2012, 1:19 PM EDT) -- The United Kingdom’s Financial Services Authority (“FSA”), which is responsible for regulating the financial services industry in the United Kingdom, recently issued a review addressing anti-bribery and corruption systems at investment banks. Although the review, as described below, was critical of the investment banks’ systems in a number of respects, the FSA has provided valuable pointers for all financial firms — not just investment banks.
Publication of the review follows a public notice by the FSA to all firms subject to its authority that they need...