Blogs

Jo Geraghty

Director

Competition in investment and corporate banking

Date added: 20th Feb 2015
Category: Organisational Culture Change

The FCA has announced the launch of a study into competition in the investment and corporate banking sector

Following publication of its review into wholesale markets, the FCA has announced the launch of a study into competition in the investment and corporate banking sector.  Forming part of their wider investigation into fair and effective markets, this latest study has been launched in response to feedback about potential conflicts of interest and lack of competition in this particular marketplace.

Terms of reference are yet to be published but initial indications are that they will include questions of transparency and the impact which the provision of bundled services may have on competition.  This last point yet again highlights the importance which the FCA places on competition and on the ability of new players to enter the financial services marketplace.  Within the last year the FCA have on a number of occasions indicated their willingness to simplify processes and be open to innovative solutions with a view to encouraging new products and new providers.

Commenting on this new review the FCA’s director of competition and strategy, Christopher Woolard, said “We have chosen this particular area because the benefits of effective competition in the market could be significant” adding “The UK is a global hub for investment banking, and this sector plays a crucial role in our economy, helping companies raise capital for investment, expansion and funding ongoing operations.”

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