Treasury Committee chairman Andrew Tyrie has described as a "welcome step forward" the details of an independent inquiry into how the Financial Conduct Authority (FCA) allowed market sensitive information about its supervisory work to reach the public domain ahead of schedule, thereby creating a disorderly market in shares.
Tyrie said any investigation must be independent of the regulator - which he said mustn't "mark its own homework" - and that the terms of reference of the inquiry, published on Friday, appear to fulfil...
Fifth this year
Four published FOS decisions
£624,311 of assets frozen
Good News Bulletin
An estimated £2.75bn
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
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