UK financial markets watchdog to bare more teeth in policing competition

April 1, 2015 11:37 AM

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LONDON, April 1 (Reuters) - British banks and markets are bracing themselves for a fresh onslaught from their regulator after it assumed extra powers to police competition in financial markets on Wednesday.

The Financial Conduct Authority (FCA), launched in 2013 to shake up supervision after the 2007-09 financial crisis highlighted failures, already has competition as a core aim.

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