The European Securities and Markets Authority (ESMA) has released its annual market abuse report for 2019 on 21st of December 2020. The report shows that National Competent Authorities (NCAs) and other authorities imposed a total of €88 million in fines related to 339 administrative and criminal actions under the Market Abuse Regulation (MAR).
There is no doubt that there has been a significant increase in the number of penalties and enforcements in recent years across the global financial markets in the areas of market abuse. With a growing pressure to detect market abuse, ensuring compliance with MAR continues to be a pressing issue for many firms.
It is imperative that firms carry out an in-depth risk assessment of their trading activities to understand and identify when and where they are most at risk of being used to carry out abusive market behaviour, whether this is market manipulation or insider dealing. With a proper understanding and identification of their risk, firms must ensure to implement appropriate trade surveillance systems to monitor and identify any suspicious trading behaviour to reduce the risk of market manipulation and fraud and protect their reputation.
How can Complyport Tech assist you?
Complyport Tech’s Trade Surveillance solution provides firms with the tools to monitor all trades and orders to identify potentially suspicious activity and behaviour.
Our services include the technology and the consulting from our experts to provide your firm with a holistic solution for developing and executing a comprehensive and truly risk-based market abuse surveillance programme covering both market manipulation and insider dealing.
For questions or to discuss how Complyport Tech can help your firm strengthen its trade surveillance, increase efficiencies through technology and ensure your regulatory obligations are met, contact us.
You can also learn more about Complyport Tech’s Trade Surveillance Solution here.
