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Early indications are that Lehman Brothers’ European equity derivatives business is included in the sale of its equity and corporate finance franchises to Nomura.
PricewaterhouseCoopers, the administrator of Lehman’s UK businesses, which include...
"While we support its overall direction, a number of the requirements in the review are needlessly oppressive, particularly the proposed limits on execution-only business and bilateral execution. Additionally, the swathe of costly disclosure obligations is more likely to confuse than inform customers.”
The FOA's Anthony Belchambers responds to the EC's Mifid review.