The UK’s Financial Services Authority (FSA) has told City firms to tighten up their controls to stop the leak of inside information before takeovers. The FSA said combating "market abuse" was a top priority. Concluding its six-month review of inside information, it said some firms were complacent and should screen staff and advisers more rigorously. According to the report the leak of inside information fell into three categories: accidental leaks, deliberate leaks to the media to gain some sort of strategic advantage, and leaks that led to insider trading. The FSA highlighted the fact that computer systems at firms involved in deals were far from secure.Investigating information leaks is one of many subjects addressed on Security Management Stage 3, which runs 24th September – 5th October.
