FSA denies CDO insider-trading crackdown
Regulator says investigations into certain market groups do not represent a CDO insider-trading initiative
The UK Financial Services Authority (FSA) has denied it has launched a new investigation into collateralised debt obligations (CDOs) on corporate debt, as reported by Bloomberg. The news service stated the FSA has been requesting information from market groups to ascertain the possibility of insider trading occurring when the products are traded.
However, a source at the regulator has denied the investigations represent a particular initiative from the FSA. “We have a duty to look at all aspects
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