Incessant innovation in the financial marketplace and new technological developments have increased the degree of sophistication of trading activities and so the ability of 'villains' to pursue abusive practices. On top of the investments in technology that financial authorities and trading venues are bringing into their surveillance mechanisms, a new regulatory framework with harmonised definitions and sanctions is needed to ensure that every marketplace is properly covered by legal obligations. In addition to these challenging issues, the panel discussion will take a step back to discuss recent market abuses, such as the LIBOR manipulation. Finally, the new proposals for a Market Abuse Regulation and Directive would need to take into account differences among trading activities pursued in different asset classes. The panel will discuss whether differences across asset classes (for instance, commodities and fixed income markets) may require a different regulatory approach to protect investors from market abuses.
ECMI members, CEPS members, European institutions, national authorities, academics and press are admitted free of charge. Other participants may be admitted for €100, paid in cash at registration, a sandwich lunch will be served before the event (€6)