FCA meddles with league tables, IPO allocs

Graham Bippart,

Jon Hay

October 20, 2016 06:45 PM

FCA building HQ source FCA 230x150 — File Name : DSC_0131.JPG File Size : 1.4MB (1482651 bytes) Date Taken : Fri, Sep 3, 2004 1:01:59 pm Image Size : 3008 x 1960 pixels Resolution : 300 x 300 dpi Bit Depth : 8 bits/channel Protection Attribute : Off Camera ID : N/A Camera : NIKON D1X Quality Mode : N/A Metering Mode : Matrix Exposure Mode : Aperture Priority Speed Light : No Focal Length : 17.0 mm Shutter Speed : 1/180 seconds Aperture : F9.0 Exposure Compensation : 0.0 EV White Balance : N/A Lens : N/A Flash Sync Mode : N/A Exposure Difference : N/A Flexible Program : N/A Sensitivity : N/A Sharpening : N/A Image Type : Color Color Mode : N/A Hue Adjustment : N/A Saturation Control : N/A Tone Compensation : N/A Latitude(GPS) : N/A Longitude(GPS) : N/A Altitude(GPS) : N/A

The UK’s Financial Conduct Authority will look over some banks’ shoulders to make sure they are allocating IPOs fairly and is trying to get league table providers to reduce incentives for banks to engage in ‘league table trades’ in the MTN and equity block trades markets.

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Topics

Equity IPOs UK Sovereign Equity UK EMEA Corporate Bonds Market News FIG MTNs and CP SSA People and Markets Europe FIG People and Markets Securitization People and Markets Corp People and Markets FIG Equity People and Markets SSA Supras and agencies SSA MTNs and CP People and Markets Structured Bonds Private debt Securitization ABBs-Block Trades Euro

GB

Graham Bippart

JH

Jon Hay