LONDON Oct 18 Britain's markets watchdog set
out changes on Tuesday to how banks treat business customers,
saying it will ban clauses that tie in clients, and change how
companies are floated.
The Financial Conduct Authority (FCA) published its final
report into competition in the investment and corporate banking
market, confirming "remedies" outlined in an interim report in
"The universal banking model clearly works well for a wide
range of participants but areas such as the use of restrictive
contractual clauses, league table credibility and the allocation
of shares in IPOs are not always working as well as they could,"
Christopher Woolard, FCA director of strategy and competition,
said in a statement.
(Reporting by Huw Jones, editing by Carolyn Cohn)