The FSA has published the third issue of its Capital Markets Bulletin. In this issue of the Bulletin the FSA looks at its thematic review of the management of conflicts of interest within private equity firms.
At the end of the Bulletin the FSA sets out its next steps on this issue. The FSA states that firms should expect that conflict management will remain an area of focus by its supervisory teams as part of the formal risk assessment process and ongoing interaction with private equity firms. In particular, as part of the Wholesale Small Firm’s strategy to improve compliance standards within non-relationship managed firms, the FSA shall continue to visit private equity firms. The FSA may consider comparing firms against the findings of the thematic review.
View Capital Markets Bulletin - Issue 3, (PDF 65.6KB), 16 July 2008