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UK banks find regulator's data request too onerous

Tuesday, June 23, 2015 - 05:50
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The FCA is looking into the fairness of competition, including how banks decided on the allocation of new bond and equity issues.

London

THE UK Financial Conduct Authority has stunned banks with a sweeping draft request for data on thousands of bond and equity deals going back over the past five years.

The proposed request is part of the FCA's probe of competition in the investment banking industry launched

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