FSA might let retail banks sell certain derivatives

11/19/2012 | Reuters

U.K. banks might end up peddling derivatives to small companies once their retail operations are ring fenced, Financial Services Authority Chairman Adair Turner said. That revelation is a reversal of an original proposal. "We can see some arguments why a relaxation might be legitimate and OK provided that it is wrapped around with some limits as to the scale of this book relative to the total scale of the balance sheet," Turner said.

View Full Article in:

Reuters

Published in Briefs: