Regulator to issue guidance for investment banks

The FSA is to clarify the standards for investment research and new security issues for investment banks. Investment banks are expected to manage conflicts of interest properly in order for the industry to have confidence in the objectivity of investment research and the integrity of the capital raising process. The regulator believes regulated firms should have systems and controls in place to ensure their own interests do not improperly influence the content of research reports. In a consultation document published on 12 February the FSA explains how it intends to strengthen the regulator...