UK wholesale banks asked to clarify conflict-of-interest policies
( August 7, 2025, 15:16 GMT | Official Statement) -- MLex Summary: UK wholesale banks have been told to improve their conflict-of-interest policies, after a review by the Financial Conduct Authority found a discrepancy between gifts and entertainment reported by brokers, and what banks recorded. The findings come as the FCA conducted a multi-firm review focused on practices around share buybacks, gifts and entertainment, off-channel communications and transaction governance.Review is attached....
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