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FCA fires off best execution warning

UK regulator promises to take action on banks and brokers if processes do not improve

The Financial Conduct Authority will crack down on banks and brokers that do not achieve the best trading results for clients, after a review by the UK regulator found deficiencies across a number of firms.

The FCA reviewed the best execution capabilities of 36 firms spanning retail and investment banks, wealth managers and brokers, but stopped short of naming and shaming specific firms.

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