Compliance Clarified – a podcast by Thomson Reuters Regulatory Intelligence
Season 3, Episode 6: The persistence of market abuse
Nov 9, 2021
Rachel Wolcott, a market abuse expert and compliance officer, joins Susannah Hammond to discuss the persistence of market abuse and the challenges faced by compliance officers. They explore topics such as the role of social media in market abuse, challenges with side hustles on neo broker platforms, gray areas in a changing regulatory landscape, and the importance of handling dawn raids properly to avoid disastrous situations.
41:20
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Quick takeaways
- Compliance officers need to implement preventive and detective controls to combat market abuse and manipulation within their firm's risk management framework.
- Firms should have effective policies and procedures for handling dawn raids, reassess market abuse risk management practices in hybrid working arrangements, and implement social media policies.
Deep dives
Persistence of Market Abuse and Market Manipulation
Market abuse and manipulation have been prevalent since the existence of markets. The current financial services marketplace identifies three main elements of market abuse: Insider dealing, manipulation of price-setting mechanisms by spreading false information, and dissemination of false or misleading information. Compliance officers need to focus on implementing preventive and detective controls within their firm's risk management framework to combat market abuse and manipulation.
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