EU energy firms face uphill struggle to comply with market abuse rules

European energy firms face uphill struggle to comply with market abuse rules

Market abuse has always been a core concern of regulators, but since the global financial crisis, the political and regulatory crusade against it has stepped up a gear. In both the European Union (EU) and the US, legislators have brought in stronger penalties for firms attempting to game the system, while regulators that were previously seen as a soft touch are working hard to toughen their image. Perhaps most notably, this has involved meting out colossal fines to several major banks and broker