Financial Conduct Authority (FCA) chief executive Nikhil Rathi has told the Treasury Committee it is not looking at any allegations of market abuse for financial gain related to the leaking of the Budget.
Today's (16 December) meeting began by addressing the errant publication on 26 November of much of the contents of the Budget by the Office for Budget Responsibility (OBR) before the Chancellor delivered it. Treasury Committee chair Meg Hillier said the committee had major concerns about the leak, and asked Rathi to update her on its response as the session began. Hillier called on the watchdog to investigate the handling of information pre-Budget last week, and whether it amounted to market abuse as the Conservatives had alleged in the House of Commons as the OBR error played out, wh...
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