Private equity supports FSA proposals

The private equity industry has backed the UK Financial Services Authority's proposal to tighten reporting requirements on banks and private equity houses, in order to reduce market abuse and conflicts of interest.

The FSA published industry feedback in its paper entitled ‘Private Equity: A discussion of risk and regulatory engagement’ on Monday. Thirty respondents said the authority had "correctly identified" market abuse and conflicts of interest as the most significant dangers to the industry

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