SIB to rein in market-makers

From: The Independent - London | Date: June 22, 1995| Author: JOIHN EISENHAMMER | Copyright information

The City's lead regulator yesterday launched the biggest shake- up in financial services since Big Bang. Unveiling its wide-ranging Equity Market Review, the Securities and Investments Board heralded further inroads into the dominance of the Stock Exchange and reductions in the privileges of its most powerful members, the market-makers.

In recommendations designed to complete the unfinished business on Big Bang of the mid-1980s, the SIB has broadly sided with criticisms from the Offic...

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