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In an article for IBC Legal’s competition law blog, George Milton, antitrust associate in Shearman & Sterling’s London office, discusses notable developments in the UK financial sector since the Financial Conduct Authority, the UK’s financial sector watchdog, was granted concurrent competition powers on 1 April 2015. Milton touches upon: the FCA’s continued recruitment drive; its investment and corporate banking market study; the discussion around "Principle 11"; and its consultation on proposed new FSMA rules on FRAND access to regulated benchmarks.
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