A Collection is a selection of features, articles, comments and opinions on any given theme or topic. It allows you to stay up‑to‑date with what interests you most.
Login here to access your saved articles and followed authors.
We have sent you an email so you can reset your password.
Sorry, we had a problem.
Tags related to this article
Published 26 marzo 2015
The FCA has recently reported on the findings from its thematic review into how asset management firms control the risk of committing market abuse.
The FCA found that whilst firms had put in place some practices and procedures to control the risk of market abuse, it was only in a small number of firms that the procedures were (what the FCA considered) "comprehensive".
Market abuse is an area where firms are understandably nervous. The FCA has shown its appetite for enforcement action. In recent years we have seen fines of hundreds of thousands of pounds against individuals at top City firms which no doubt had extensive practices and procedures in place.
Firms should review their systems and controls on market abuse to ensure they operate effectively and cover all material risks. The FCA said, in particular, firms need to pay more attention to the possibility of receiving inside information through all aspects of the investment process (and not to consider only formal wall crossings). Post-trade surveillance was also highlighted as an area for improvement.
Read the full alert.
London - Walbrook
+44 (0)20 7894 6601
+44 (0)117 918 2260
Sharon McCaffrey, Joanne Finn, John Darmody, Elaine Davis, Sarah Meehan
John Darmody, Sharon McCaffrey, Sarah Meehan
Lisa Broderick, Charlotte Burke, Rowena McCormack, David Freeman, Julie-Anne Binchy
Lisa Broderick, Rowena McCormack, Julie-Anne Binchy, Charlotte Burke, David Freeman
Lisa Broderick, Rowena McCormack, Julie-Anne Binchy, Charlotte Burke, David Freeman, Diana O'Mahony
John Darmody, Sharon McCaffrey
Barry Reynolds, Christopher Ryan
Joanne Finn, Elaine Davis
Rowena McCormack, Charlotte Burke