Research Analysts and Conflicts of Interest—the Financial Services Authority’s Response

Harry McVea

Lecturer in Law, University of Bristol.

jcls Vol 4 Issue 1 (April 2004)

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Abstract

This article critically analyses the Financial Services Authority’s response to revelations that investment banks have mismanaged conflicts of interest arising out of research analysts' recommendations in "hot" initial public offerings. This discussion is located within the context of international developments in relation to this issue and offers both theoretical and practical insights into the FSA’s proposed reform measures.

Keywords

Research Analysts; Conflicts of Interest; Financial Services Authority; Reforms; FSA