Editors urge FSA to spike media clampdown rules

As first reported in IFAonline, last month the FSA told regulated firms including banks, advisers and asset managers, to adopt media policies to kill "strategic leaks." It recommended firms channel all media enquiries though a press office and ensure contact with reporters was recorded. But news organisations have attacked the edict as draconian, unlikely to stop committed leakers, and damaging to investigative reporting that makes markets less murky, according to Reuters. In a rare joint letter, addressed to FSA chief executive Hector Sants, the quartet wrote its new rules were "m...