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A rare example of a lawyer heading a leading public body, Philip Collins is chairman of the Office of Fair Trading, one of Britain’s most powerful watchdogs. Under Collins and John Fingleton, the chief executive, the OFT has aggressively stepped up its policing of competition laws, taking on some of the business world’s most recognisable names in the past year: Foxtons, Ryanair, Sainsbury, Asda and the high street banks. British Airways felt it worst, receiving the regulator’s largest fine (£121.5 million) for price-fixing. The OFT also handed out the first criminal charges for cartel offences, encouraged consumers to bring private lawsuits and announced that it would offer a reward of £100,000 to whistle-blowers. Collins spent nearly three decades at Lovells, the City law firm, before joining the OFT in 2005, including 12 years in Brussels.
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