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​UK investment banks would be barred from locking in clients, under FCA proposal

( October 18, 2016, 10:07 GMT | Official Statement) -- MLex Summary: UK investment banks would be banned from locking companies into a relationship for future transactions, under a proposal by the Financial Conduct Authority today. The FCA plans to scrutinize how banks allocate shares for purchase in initial public offerings, in another planned remedy to encourage competition. The British watchdog also said it would work with industry group to develop a standardized “league table” to prevent banks from skewing the industry rankings, such as with loss-making deals.FCA publishes the final report of its investment and corporate banking market study...

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