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Simon Appleton, Director of Regulatory Consulting at Kinetic Partners, a division of Duff & Phelps comments on The Fair and Effective Markets Review:
“It has been known for decades that wrong-doers look for any weak links in the regulatory regime. It is with this in mind, and the obvious benefit of hindsight, that finally bringing the so called “wholesale” markets under closer scrutiny from a market abuse perspective has been a much anticipated change. It goes without saying that market participants are expected to act with honesty, regardless of whether they are trading in shares, bonds, commodities, FX or interest rate products.
“Restoring confidence in both the way our markets operate and also in those authorised to conduct investment business is of paramount importance and the output from this review, as well as the forthcoming impact of MiFIR and MAR, should provide the solid foundations to re-build trust that our markets are fair and effective.”
