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UK: FCA antitrust probe into investment banks

By  |  February 19, 2015

The Financial Conduct Authority (FCA) has announced plans to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly on Thursday.

This follows the publication of its review into competition in the wholesale sector, which found that limited clarity over price and quality of services may make it difficult for clients to assess whether they are getting value for money.

“We have chosen this particular area because the benefits of effective competition in the market could be significant,” said Christopher Woolard, the FCA’s director of strategy and competition.

Full Content: The Financial Times

 

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