Prior to Tabernula, roughly 30 per cent of deals leaked, according the the FCA/FSA ‘market cleanliness’ stats. By 2014 this had dropped to 15.2 per cent, but a year later the rate had risen to 19 per cent — and one-in-five deals continued to leak in 2016, according to the FSA’s latest annual report.
‘Enforcement 40’ for 2020
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