FCA Ready To Clamp Down On UK Asset Management Sector

Law360, London (June 19, 2017, 2:51 PM BST) -- Britain’s Financial Conduct Authority said Monday it will unveil the eagerly anticipated final report on its major market review of the £7 trillion ($8.6 trillion) asset management sector on June 28.

Financial Conduct Authority chief Andrew Bailey has said the asset management sector has “enjoyed sustained high profits over a number of years with significant price clustering.” (AP) The watchdog began scrutinizing the field in 2015 before it launched a full-blown market review late in 2016 on whether to refer the investment management market to Britain’s antitrust...
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