Comment: UK asset-managers study puts both industry and regulator on the spot
By Hugo Coelho ( June 26, 2017, 15:45 GMT | Comment) -- Wednesday's publication of a report on competition among UK asset managers won't just be a moment of reckoning for a sector worth 6.9 trillion pounds. It will also be a test for the Financial Conduct Authority as it flexes its muscle in the competition space, while also revealing how it deals with pressure from politicians not to undermine London's clout as global financial hub after Brexit.Since the UK's financial-services regulator painted them as evasive harvesters of easy money last November, asset managers and investment consultants have been fighting tooth and nail to erase the image. ...
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