HM Treasury has announced a joint review with the Bank of England (BoE) and the FCA into the way wholesale financial markets operate.

The fair and effective markets review is intended to reinforce confidence in the fairness and effectiveness of UK wholesale financial market activity, and influence the national debate on trading practices. It will focus on those wholesale markets where the bulk of concerns over misconduct have arisen: fixed income, currency and commodity markets, although it could apply across a wider range of wholesale markets.

The review will run for 12 months, and is expected to make recommendations on a number of issues by June 2015. A consultation on the review will be launched in autumn 2014.

View Fair and effective markets review announced by Chancellor of the Exchequer, 12 June 2014