Summary
Hopes of a voluntary settlement in the Financial Services Authority's investigation into split-capital trusts have risen, with sources yesterday confirming a report that as much as (pounds) 275m could be squeezed out of the industry for compensation - only (pounds) 75m short of the FSA's target.
A voluntary fund emerged in April as an alternative to enforcement, after most of the 21 firms under investigation by the FSA refused to sign up for the mediation process being offered by the regulator's combative chief executive, John Tiner.See the full content of this document
Extract
Voluntary Settlement in Sight Over Splits Scandal
However, the FSA privately rejected the proposed figure of (pounds) 100m as far to...
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