FCA review of competition in the wholesale markets
By Richard Ellis
The Financial Conduct Authority (FCA) has announced a review of competition in the wholesale financial markets.
The FCA is concerned that there may be areas within the wholesale financial markets where competition is weak or not working properly. One of the FCA’s objectives is to promote effective competition in financial markets so it is duty bound to explore these concerns and try to remedy any problems.
The areas of the wholesale sector that will be covered by this review are: (a) markets and market infrastructure; (b) asset management and fund services; (c) investment banking; and (d) corporate banking…
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