New guidance issued on conflicts-of-interest
London -- In mid-May, three financial services trade associations issued new guidance on polices and procedures for managing conflicts of interest in the context of the allocation and pricing of securities offerings.
The guidance, developed by the International Primary Market Association, the International Securities Market Association and the British Bankers' Association, was further endorsed by the London Investment Banking Association, which also worked on the document. It is intended to help firms implement the UK Financial Services Authority's Consultation Paper 205: Conflicts of interest: investment
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