Alison McHaffie is a partner in CMS Cameron McKenna's Financial Services team. On a regular basis, Alison shares her thoughts with Practical Law Financial Services subscribers on topical developments concerning investigation and enforcement activity in the financial services sector.

In her February 2017 column, Alison considers the joint policy statement published by the FCA and PRA on 1 February 2017 in response to the HM Treasury review of the enforcement decision-making process at the financial services regulators and the Green Report.