Investors seek legal advice after FSA press 'leak' crackdown

The FSA last month told the firms it regulates to introduce stifling procedures designed to stop bankers talking to journalists about deals, but applying to all firms under its jurisdiction. The regulator said firms should establish "a robust anti-leaking culture", effectively stopping staff from speaking to the media without specific authorisation from the press office. Concerns over the move were raised at a confidential gathering on Monday at the Association of British Insurers (ABI), at its regular Investment Committee meeting, writes the Telegraph. Institutional investors are ...