Financial Regulator to begin flexing its new muscles

The Financial Regulator is gearing up to start using its new enforcement powers in the second half of the year as officials begin working through dozens of new cases referred to them by field supervisors.

The enforcement team, led by Peter Oakes, a regulatory lawyer who was appointed last autumn to work under head of financial regulation Matthew Elderfield, is expecting to bring at least 10 of those actions to conclusion by the ...