Regulator's head of Secondary Markets Oversight encourages continuous improvement rather than perfection in implementing MAR regime.
STORs
Compliance
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Surveillance trends, regulator supervision, and the role of AI at wholesale banks and brokers
A synopsis of views and advice on current trends, regulatory supervision, and some practical solutions to the latest challenges.
The FCA has made the fight against financial crime a priority in its latest five-year strategy, and says it will focus on those who want to harm the system from the inside.
Ongoing regulatory scrutiny, new transparency tools, and a continued focus on improving surveillance and reporting standards.
Reports focus on PPATs' readiness to identify suspicious activities and examine how NRAs analyze STORs.
Newly released guidelines on supervision argue for risk-based approach, but one where issues are addressed by regulators.
Enforcement
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Cantor Fitzgerald Ireland Limited fined €453k for Market Abuse Regulation breaches
Cantor failed to report suspicious transactions and lacked effective governance arrangements for detecting and reporting them.
Compliance professionals tackled current challenges at the latest Hedge Funds Global Relay event in London.