Market abuse

Market abuse controls: Global approaches vs. local requirements – which one wins?

Sarah Hitchins

The UK FCA recently imposed a financial penalty of just over £1 million on an online brokerage firm for failing to have adequate controls to identify and report potential market abuse. Each of the FCA’s findings can be traced back to one root cause: reliance on a global approach to identifying and reporting market abuse, Read More

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Prevention is better than the cure: Lessons from the FCA’s comments on market abuse controls among market makers

Ewan Bruce

The latest comments from the UK Financial Conduct Authority (the FCA) on market abuse controls among registered market makers in small and mid-cap equities, in Market Watch 51, bear out the FCA’s continued commitment to improving firms’ preventative measures and, more importantly, recommends those improvements needing to be made most. The area of small and mid-cap Read More

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Further drop in number of market abuse cases concluded by the FCA

Sarah Hitchins

The latest figures show that the gap between the number of civil market abuse cases opened by the UK Financial Conduct Authority (the FCA) and the number of these cases that the FCA manages to conclude continues to grow. Although last summer the FCA promised us that it had a number of market abuse cases Read More

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Settlement opportunities in France: Change on the horizon?

Dan Benguigui

Legislation recently (or about to be) adopted in France will strengthen the French legal systems’ opportunities to settle white collar investigations.   The “Sapin II” Bill Named after France’s Minister of Finance, Michel Sapin, the bill adopted by France’s National Assembly on 14 June 2016 and currently examined by the Senate, will introduce a new Read More

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Under fire? The FCA’s treatment of whistleblowers

Sarah Hitchins

The UK’s Financial Conduct Authority (FCA) has been pretty vocal about its expectations about how firms should treat whistleblowers. However, it looks like the tables have been turned on the FCA. Both the Treasury Select Committee and the Complaints Commissioner have recently questioned the FCA’s own approach to handling whistleblowers.   Whistleblowers: A valuable resource Read More

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