Market Abuse
The Market Abuse European Regulation 596/2014 and the Directive 2014/57/EU on the criminal penalties applicable to market abuse focuses on harmonizing the rules and following the developments in the financial markets following the 2008 crisis. The requirements for the prevention of market abuse are directly applicable through the Regulation.
How market abuse disrupts investor's confidence
Nowadays, financial markets have become increasingly global, giving rise to new trading platforms and technologies. This has led, among others, to alternative ways of manipulating financial markets.
Market abuse is in the scope of European legislators as it destroys the integrity of the market and leads to financial instability. Investors must be protected from any manipulation and must feel confident to invest in the EU market.
A characteristic example of manipulation are cases of manipulation of interest rate benchmarks such as LIBOR and EURIBOR. The Benchmarks Regulation 2016/2011 of the EU came as a response to many allegations for benchmarks manipulation.
How can Pideeco help you with Market Abuse?
Our decade-long experience in financial markets can help your business to:- Draft or improve your procedures on market abuse.
- Help you navigate the regulatory framework for market abuse.
- Combine legal, financial, and IT knowledge to establish and maintain systems to detect market abuse that are tailor-made for your business.
- Create a gap analysis of your company’s market abuse systems and help you to make them more efficient.
- Conduct ex-post transaction investigations and report accordingly to the management.
- Write requirements for sample selections for monitoring and testing purposes for the 2nd line of defence.
- Train your staff members on any topic concerning market abuse.
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