Trends in market abuse
Market conduct poses risks to regulated firms irrespective of the markets they are in or the clients they serve. The nature of market abuse varies which we show in the Market Abuse Themes chart below. The FCA is of the…
Category Market Abuse
Why is FCA not receiving more non equity related STORs?
For several years now the FCA has been repeating its concern that the reporting of STORs (Suspicious Transaction Order Reports) is dominated by suspicious transactions in equities. More specifically what the FCA has referred to as the “poster child” of…
$12.270 bn
Actually $12.42 bn is the total FX fines paid: 24 of which were levied on 5 banks, the “cartel banks” totalling $12.270bn Most of the rest were for use of customer information to rig transactions. This led to an erosion…
Countering market abuse
The FCA has been providing more reminders to firms to treat market abuse as a sub-set of financial crime. Both insider dealing and market manipulation are criminal offences. Both offences need some form of engagement with, or access to, financial…