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 2015 column, Alison reviews the financial services enforcement actions of 2014 and considers what they mean, both for regulated firms and in relation to how enforcement powers are exercised by the FCA and the PRA. Alison also looks ahead to what we can expect in 2015 in the area of enforcement.