UPDATE 1-UK watchdog seeks to boost competition in wholesale banking



(Adds further details)
By Huw Jones
Oct 18 Britain's capital markets watchdog confirmed changes on Tuesday to how investment banks treat business customers, saying it will ban clauses that tie in clients and create a more open market for initial public share offers (IPOs).
Banks will also be stopped from "misrepresenting" their performance in industry league tables to win new business.
The Financial Conduct Authority (FCA) published its final report into competition in the investment and corporate banking market, confirming "remedies" outlined in an interim report in... read more

 
18 October 2016 in World News, Views: 28
Source: Reuters
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