Thursday, April 13, 2006

FSA starts to flex its muscles


The UK Financial Services Authority's two-year investigation of Deutsche Bank's trading has shone a powerful spotlight on the scope for conflicts of interest that lie within the world's largest investment banks.

The large fines imposed on the bank and its former trader have also highlighted the regulator's intention to crack down on what it sees as unacceptable behaviour by some of the City of London's largest and most powerful players.

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