In brief
The Financial Services Authority (FSA) is to further investigate concerns it has with the private equity sector, particularly market abuse and conflict of interest. It will improve its data collection by conducting a biannual survey on banks’ exposures to leveraged buyouts; and enhancing regulatory reporting requirements for private equity firms. Also, the International Organisation of Securities Commissions has commissioned a task force to assess the impact of recent developments in the private equity market and identify issues which can be addressed within its remit. The FSA will chair the work of this task force.
