Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

FSA Says Market Body Should Handle Insider Trading, FT Reports

June 26 (Bloomberg) -- Financial Services Authority Chief Executive Officer Hector Sants said the new Consumer Protection and Markets Authority should be in charge of prosecuting U.K. criminal insider dealing cases, the Financial Times reported.

U.K. Chancellor George Osborne plans to give the responsibility of insider trading cases to the new Economic Crime Agency, the newspaper said, citing unidentified government officials.

Sants, who has agreed to remain in his post to handle the handover of the FSA’s duties to the Bank of England and the new consumer authority, told its annual meeting that the FSA has built a "specialist resource" for insider trading cases, the FT said.

To contact the reporter on this story: Lars Paulsson in London at lpaulsson@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.