Home | Business News | Browse by Publication | F | Financial Management (UK)

Unbundle of joy: although it may cause some collateral damage, the Financial Services Authority's campaign to bring transparency and accountability to the industry is a welcome one.

Publication: Financial Management (UK)
Publication Date: 01-SEP-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Unbundle of joy: although it may cause some collateral damage, the Financial Services Authority's campaign to bring transparency and accountability to the industry is a welcome one.(City)

Article Excerpt
When CP176, the Financial Services Authority (FSA) consultation paper on bundled commissions, soft commissions and transparency, was published almost a year ago it prompted great discussion. The FSA has now announced that its policy is to transfer responsibility to investing institutions--"the buy side"--and to agree and report on procedures to ensure that its list of essential measures are built into working procedures.

The FSA continues to see the protection of retail investors as paramount. It also wants to ensure that dealing commissions are whittled down to a minimum. The regulator will accept and ratify a solution from the industry reflecting this objective if it is submitted in full by December--otherwise, it will impose a regime of its own design.

It was broadly agreed in the consultation that...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.