Market Abuse Risk Assessments: Ticking Boxes is No Longer an Option

By 11 Nov, 2019 November 18th, 2019 Blog, Regulations
In 2019, EU financial markets regulatory authorities imposed fines and other sanctions on a number of firms and institutions that failed to provide sufficient evidence of their ability to implement effective and efficient market abuse risk management measures.
 In doing so, the regulators demonstrated that they will no longer tolerate not only instances of market abuse, but also the occurrence of scenarios in which market abuse risks are poorly managed.
 As such, GreySpark Partners believes that it is no longer sufficient for European capital markets participants to deal with market abuse as a yearly compliance box-ticking exercise; instead, firms and institutions must proactively and fully integrate market abuse risk controls as part of daily processes and tasks.
In this article, GreySpark consultant Jeanne Biteau examines how achieving this objective ensures the completeness and accuracy of a firms’ risk assessment exercise through the implementation of in-built requirements that conform to an appropriate framework alongside supporting tools, evolve to allow markets participants to detect and mitigate market abuse risk on an ex ante basis.

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