UK FSA announces own conflict-of-interest rules for banks
Today the UK's Financial Services Authority (FSA) has released Consultation Paper 171, designed to address conflict-of-interest issues and bias in analyst recommendations.
The paper’s focus is on banks putting controls in place to prevent conflicts-of-interest. For example, it mandates that firms have systems and controls in place to ensure that firm interests don’t improperly influence the content of research
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