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Confusion over future of polarisation

Confusion reigns over the future of polarisation following a speech from FSA chairman Howard Davies in which he appears to hint its days are numbered.

In a speech to the Foreign Banks & Securities Houses Association Conference today, Davies questions whether polarisation is still fit for purpose and why it is that the UK is the only country to operate its market in this way.

The industry has been left reeling by Davies&#39 remarks, unsure whether this means multi-ties or gap-filling is on the cards.

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