FSA to Crack Down on Conflicts of Interest and Share Allocation
Byline: Sophie Brodie
The Financial Services Authority (FSA), the UK regulator, has told senior managers at integrated investment banks that they will be held accountable for managing conflicts of interest relating to their UK research and investment banking businesses.Following its investigation into the issue, known as CP171, the UK regulator wants managers who claim to issue independent equity and fixed income research to publish a policy explaining how they manage potential conflicts. It has issued principles for them to follow rather than inflexible rules to avoid managers just ticking boxes.
Gay Huey Evans, director of the markets and exchanges division of the …
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Publication information: Article title: FSA to Crack Down on Conflicts of Interest and Share Allocation. Contributors: Not available. Newspaper title: Financial News. Publication date: October 28, 2003. Page number: Not available. © Not available. COPYRIGHT 2003 Gale Group.
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