The FCA received 981 requests for help from countries elsewhere during 2013, which represented an 11% increase on the number in 2012.
According to law firm RPC, US regulators are most regularly in touch with the FCA, with 23% of all requests for assistance and 222 requests from US enforcement agencies last year.
The overall numbers have doubled since the 2008 crisis, from 464 requests in 2006.
Richard Burger, partner at RPC, said that “financial services businesses are increasingly facing sprawling investigations spanning multiple jurisdictions and regulators”.
Many of the case are likely to encourage the FCA to look into whether it should be bringing its own enforcement investigation.
