FCA lets debt markets off the hook but reciprocity in focus

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FCA lets debt markets off the hook but reciprocity in focus

Owen Sanderson
April 13, 2016 01:00 PM
FCA building HQ source FCA 230x150
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The Financial Conduct Authority’s study of competition in investment banking has found no need for action over competition in the primary debt markets, in contrast to equities (see separate story). However, the regulator said it will closely monitor the use of reciprocity to award mandates, particularly in covered bonds.

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