FSA says no to transparency regulation
The UK’s Financial Services Authority (FSA) has found that there is no need for more regulation to ensure transparency in the bond markets. Publishing the feedback to its discussion paper ‘Trading Transparency in the UK Secondary Bond Markets’ today, the FSA says: "No evidence has been found of widespread market failure related to transparency that would warrant regulation” in the UK wholesale bond market.
“Our analysis agrees with the majority of respondents that a combination of competition
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