U.K. Regulator Shaves Criminal Case Length as Experience Grows

The U.K. Financial Conduct Authority resolves criminal cases almost 25 percent faster than it did four years ago, as the regulator’s prosecution experience has grown.

The FCA took an average 31.7 months on criminal cases resolved in the year through March, compared with 41.6 months in 2011-12, according to its annual report and a freedom-of- information request by Bloomberg News . Case length has been shortening gradually over the past four years.

The FCA has pursued more criminal cases since the 2008 financial crisis, after politicians and the public called for more bankers to face jail time for wrongdoing. Insider ...