Clearer rules could encourage market abuse, says FCA

A senior regulator at the UK Financial Conduct Authority says granular definitions of market abuse will provide a "road map" for avoidance

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FCA's Boyd defends EU rules on market abuse

Providing granular indicators for market abuse would hand banks a "road map" for avoidance, a UK regulator said yesterday (June 10), during a heated debate with market participants.

"It is almost impossible to write you a specific, absolutely down-to-the-line list of every single possible activity you might see in the future that might be manipulative or abusive in some way," said Helen Boyd, a manager responsible for trading conduct, settlement and market policy at the UK Financial Conduct

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