U.S. Eyes on the Soft' Battle of Britian
Traders Magazine, March 2004
Another soft dollar battle is waging across the Atlantic in the United Kingdom, where soft dollars are under attack. The Financial Services Authority (FSA) is debating if the practice should be ended. The U.K. debate on soft dollars was originally stirred up by the Myners' Report, an FSA document issued several years ago, which outlined a series of steps to improve trading practices. The report called for fund managers to develop their own research capabilities.
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