The Financial Conduct Authority (FCA) has confirmed it will engage with HM Treasury and the Cabinet Office over a potential leak of market-sensitive Budget information, after a Bloomberg article revealed changes to bank taxation before the chancellor’s official announcement.
In a letter responding to Treasury Committee chair Dame Meg Hillier, published by the Committee today (3 November) and dated 2 November, FCA CEO Nikhil Rathi said the regulator "stands ready to consider the specifics of any evidence provided to us by Cabinet Office and HMT to decide what, if any, action it is appropriate for us to take under MAR". The Treasury Committee flagged to the regulator and the Treasury that the Bloomberg article, entitled Healey's Bank Tax Hike to Be Less Severe Than Lenders Feared, was published at 10.45am on Budget day (28 October) and accurately reported chan...
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