Wed, Sep 26, 2018

Nick Bayley and Tammy Li Quoted in HFM Compliance: Revisiting Market Abuse

Managing Director Nick Bayley and Director Tammy Li of Duff & Phelps Compliance and Regulatory Consulting practice, were featured in an article by HFM Compliance exploring the scope of the Financial Conduct Authority’s (FCA) ongoing review into market abuse and what represents best practice for UK managers.

Approximately 400 managers have received questionnaires from the FCA enquiring what policies and procedures they have in place to detect and report market abuse within their firms. “These responses will then drive the FCA’s thinking about where they will go next,” says Nick. While the FCA hasn't highlighted market abuse as a top priority, staff training is essential to good practice and goes beyond just checking the box. "Some firms pay for generic online training on market abuse, which can be effective but is not specific to the firm - they need to have a thoughtful approach that is tailored to specific market abuse risks and can help employees understand practically how to detect and prevent those risks," added Tammy.

Learn more about HFM Compliance here.