FCA: asset managers need to improve cost control in FX

UK regulator's interim findings on asset management highlight the need for more transparency

Close inspection: "In many markets, weak pressure on price is associated with weak cost control," the FCA says

Asset managers need to improve cost control and transparency around the execution of foreign exchange transactions, says the Financial Conduct Authority in a report. Despite efforts to improve the quality of disclosures, several large service providers are still unable to provide adequate information on execution costs.

The FCA announced a study into the UK's asset management sector late last year and published its interim findings on November 18. It highlights the need for asset managers to get

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