FSA crackdown conflicts with US disclosure

Author: | Published: 1 Sep 2009

The UK Financial Services Authority's (FSA's) more active investigation of banks, doubtless accelerated by the threats of the Conservative party to abolish it, has hit deals by US banks in particular. The FSA is probing the sponsor role on deals, which is proving especially frustrating for US underwriters, where due diligence tends to be...

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