Roland Kaye, President of CIMA, is quoted as saying that currently an agreement has "not been reached" that meets CIMA's "requirements" for a "tri-partite consolidation".
"Discussions continue with the aim of agreeing a joint way forward. At the March meeting of CIMA's council, a set of working principles was agreed in order that a successful consolidation could be achieved."
Could someone tell me what these requirements are?
It will be useful to know what CIMA thinks is wrong with the merger plans.