FSA denies CDO insider-trading crackdown


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 al