The Financial Conduct Authority (FCA) has raised concerns about market abuse controls in place within the firms it regulated, warning that market manipulation, insider trading and other criminal behaviour could go undetected.
Speaking at the Association for Financial Markets in Europe on Wednesday (13 February), the FCA's director of market oversight Julia Hoggett revealed the regulator's "five Conduct Questions approach", which "helps regulated firms enhance the manner in which they conduct business". FCA probes Aviva preference shares plans for 'compliance withmarket abuse regulation' In August 2018, Investment Week revealed asset managers had been contacted by the FCA, which sent them a questionnaire examining their risk management procedures in reporting and preventing market abuse. It follows a 201...
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