The FCA has announced that it plans to launch its first wholesale market study into investment and corporate banking. The planned review follows the FCA’s earlier review of wholesale markets, launched in June 2014.
The FCA’s director of strategy and competition, Christopher Woolard, said: “We have chosen this particular area because the benefits of effective competition in the market could be significant. The UK is a global hub for investment banking, and this sector plays a crucial role in our economy, helping companies raise capital for investment, expansion and funding ongoing operations.”
The FCA intends to launch the market study and publish the terms of reference in Spring 2015.