FSA to scrutinise private equity firms - papers 28th March

clock

BRITAIN'S BIGGEST PRIVATE equity groups face new scrutiny from the City regulator as it attempts to come to grips with the possible risks to the stability of the financial system posed by the industry's growth, reports The Financial Times .

According to the paper, the Financial Services Authority inquiry, which started last month, is the latest step in the watchdog’s efforts to keep tabs on the ever-increasing amounts of money being raised for alternative investments, which have generally enjoyed a lower level of regulatory scrutiny. John Tiner, chief executive, said in an interview with the paper, the FSA was planning to look at disclosure by private equity groups and their impact on the transparency of the financial markets. However, he said the regulator had no preconceptions about what it might find. The FSA’s interest...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •