• Financial Services Authority Review of Compliance with Anti-Bribery and Corruption Regulations within Investment Banks
  • April 4, 2012 | Authors: James Kitching; Leigh Mallon
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson (London) LLP - London Office
  • The Bribery Act 2010 (UK) (the "Bribery Act") came into force on 01 July 2011. The Financial Services Authority (the "FSA") has shown an intention to ensure that the firms which it regulates and, in particular, investment banks, adequately address the risk that they, or anyone acting on their behalf, might act corruptly. The FSA highlights the following of its Principles for Businesses ("PRIN") rules as being relevant in the context of bribery and corruption risks: