The regulators are getting themselves in a knot over the flow of information around the City and amo...
The regulators are getting themselves in a knot over the flow of information around the City and among investors, both institutional and retail. In the past week, Howard Davies at the Financial Services Authority has been flying the flag for utter transparency and equality of access to price sensitive information for all. He has warned that companies who hold cosy briefings for selected journalists and analysts will be in for heavy fines when he gets new powers in about a year's time. The intention behind these efforts is laudable. As far as is reasonably possible, all players in the marke...
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