View recent press releases, speeches, and news items published by month.
15 March 2005
The OFT has decided not to carry out further research into markets affected by FSMA at this time.
In November 2003, the OFT announced that it was launching research into how FSMA had affected competition in the markets to which it applies. The economic consultancy Oxera was commissioned to design and implement a methodology for assessing the competition impact of FSMA.
Oxera's final report was published in December 2004. It found that there were no indications that FSMA had had a significant negative impact on competition, and that where the legislation addressed market failures it was beneficial to competition.
Download Competition Review of the FSMA (pdf 550 kb)
On publication, the OFT invited views from the financial services industry and other stakeholders on the analysis contained in Oxera's report. No representations were received.
Back to: Press releases
08457 22 44 99
Kasia Reardon
020 7211 8901
kasia.reardon@
oft.gsi.gov.uk
Adrian Ient
020 7211 8899
adrian.ient@
oft.gsi.gov.uk
Frank Shepherd
020 7211 8133
frank.shepherd@
oft.gsi.gov.uk
Pritie Billimoria
020 7211 8708
pritie.billimoria@
oft.gsi.gov.uk
out of hours mobile
(media only)
077 7413 4814
This feature requires Javascript and Cookies to be enabled on your browser
Register for email alerts or amend your existing account details here.