GET 24/7 LEGAL ADVICE

020 7387 2032

stock-marketThe financial services sector is to be subject to further scrutiny, following the Government’s announcement of a review into the way wholesale financial markets operate. 

The review, which will be a joint operation by the Treasury, the Bank of England and the Financial Conduct Authority (FCA), aims to raise standards of conduct in the financial system.

It follows a number of serious allegations of misconduct in financial markets, and will focus on those wholesale markets where the bulk of concerns about misconduct have arisen - fixed income, currency and commodity markets - although it could have applicability across a wider range of wholesale markets.

The Government says that the review will build upon the tough action Britain has already taken to punish the wrongdoers and fix the financial system, including the work of the FCA to reform LIBOR, and the Parliamentary Commission on Banking Standards, which has led to a new legal regime for senior managers.

The Review will run for 12 months and is expected to make recommendations on:

  • principles to govern the operation of fair and effective financial markets,
  • reforms to ensure standards of behaviour are in accordance with those principles,
  • tools to strengthen the oversight of market conduct,
  • whether the regulatory perimeter for wholesale financial markets should be extended, and to what extent international action is required, and
  • additional reforms in relation to benchmarks, in order to strengthen market infrastructure.

Contains public sector information licensed under the Open Government Licence v2.0.

Contact Lewis Nedas’ Specialist Lawyers in London

For specialist legal advice please contact our solicitors on 020 7387 2032 or complete our online enquiry form here.

This blog post is intended as a news item only - no connection between Lewis Nedas and the parties concerned is intended or implied.

We are happy to help

Get 24/7 Legal Advice, call

020 7387 2032

“I was put in touch with Lewis Nedas Law through a mutual friend and I was not disappointed. The team were nothing but straight forward, honest and realistic about the nature of my case and the expected outcome from the minute I got in contact and were willing to take over from the previous company at very short notice. With their unrivalled experience and expertise in their profession the outcome was even better than expected and I couldn’t recommend them enough.”


contact

Please let us know your name.
Please let us know your email address.
Please enter a valid phone number
Invalid Input
Please let us know your message.
GDPR Agreement - I consent to the information supplied above to be stored on this website so that Lewis Nedas Law can respond to my enquiry.
Invalid Input

Accreditations and Awards

  • Legal 500 uk leading firm 2024
  • The Times Best Law Firms 2024
  • Legal 500 uk leading firm 2022 50x73
  • The Times Best Law Firms 2022
  • Google 5 stars