Market Abuse
Attracting foreign capital and growing domestic financial markets continues to be a key objective for governments around the world, especially during times of economic hardships.
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Consequently, regulators are paying increasing attention to safeguarding market integrity.
Regulators expect firms to:
- Enhance customer protection against poor value and unfair pricing practices;
- Establish a stronger deterrence against market abuse practices;
- Promote greater market competition.
Law enforcement and regulators are stepping up their investment in their detection and surveillance strategies to deter market abuse, prompting businesses to improve their internal controls.
What is at stake for businesses?
Market abuse undermines the integrity of the global financial system, erodes public confidence in capital markets, and discourages market participation. Key areas of focus for regulators continue to include:
- Insider dealing;
- Market manipulation; and
- Unlawful disclosures.
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Market abuse regimes vary across jurisdictions, and may be codified as either criminal and/or civil offences. In the UK, for instance, firms should be prepared to face the FCA’s dual track prosecutions, probing for the criminal offence of insider dealing and market abuse civil offences at the same time.
The pressure is not coming only from authorities, but also from peer institutions. The industry is increasing its expectations for better surveillance practices to include multiple data sources, including electronic communication and behavioural indicators.
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How Plenitude can help
Our team of experts can help your firm ensure that your market abuse controls are effective, efficient and sustainable. Our services include:
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Independent Assessment
Executing a proportionate assessment of your market abuse controls to manage compliance in readiness for regulatory reviews or to take proactive action;
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Supporting firms through S166 Reviews (firm-side)
Or conducting S166 Reviews on behalf of the FCC on the basis Plenitude is appointed to the Skilled Person Panel for Lot E: Financial Crime. Guiding firms through the remediation process linked to enforcement action or regulatory review;
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Risk Assessment
Design and conduct a comprehensive risk assessment to assess your market abuse risk.
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Assess and enhance market abuse-related policies, standards and procedures
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Conflict of Interest management
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Asses and enhance trade surveillance and communication surveillance controls.
Our Services
Our capabilities address the entire spectrum of financial crime risks and, as a full-service provider, we can meet all of our clients’ needs in order to deliver a truly integrated consulting service. We can assist with a wide range of needs, including independent assessments, policy and standards enhancement, risk assessments, specialist tech and data support, and remediation and transformation program design and execution. No matter what the requirement, we are here to help.
Discover more about our services and see why our integrity, passion and delivery excellence have been praised by so many clients.
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Data Analytics Services
Data quality, siloed systems, and the ever-evolving tactics of criminals make effective data analysis a constant battle. Firms need to break down these silos to get a holistic view of customer activity and identify hidden patterns that might indicate a financial crime threat.
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Our specialists
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