The FSA recently published a newsletter on recorded calls between regulated firms and the press.

The newsletter states "that media reports containing leaks were often closely preceded by telephone conversations between insiders occupying senior roles on a corporate transaction, and the journalists who published those media reports".

The FSA are recommending that Press Officers and other parties in regulated industries ensure that whatever phones they use should be recorded. For the full text of the newsletter, click here to download:       FSA Newsletter and Journalists.