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Market Abuse Workshop

Decipher and understand key market abuse techniques

Market Abuse Workshop

A half-day live webinar

  • All investment staff within authorised firms and funds
  • CCOs and Compliance staff
  • Operations and support staff

  • This workshop is broader than just MAR; we examine the full landscape of market abuse; what it is, what it means and why it matters.
  • We consider key market abuse techniques and what you need to be vigilant of
  • Regularly refreshed case studies, focusing on what happened and interpreting the regulatory commentary
  • Practical and insightful takeaways on how to review and assess your current practices

  • A focus on market abuse today; what it is, what it means and why it matters
  • Case study analysis – what can we learn from cases that have directly impacted our industry

The regulatory environment

  • MAR; What is it? What does it mean? Why does it matter?
  • What it covers / Main offences
  • Systems and controls
  • Links to SMCR expectations – proper standards of market conduct
  • The interconnected nature of MAR, Competition law and Industry standards

Key behaviours

  • Insider dealing (PAD and why it’s vital to the prevention) (Lyttleton)
  • Improper disclosure (Hannam)
  • Manipulating transactions / devices (LIBOR)
  • Encouraging (Ammann)
  • Market Manipulation
  • Dissemination
  • Misleading behaviour and distortion

Key focus areas and practical considerations

  • Prohibitions
  • Benchmarks
  • Colluding
  • Market open/close (Goenka)
  • Profiting from voicing an opinion
  • Insider Trading Investigations (Tabernula)
  • Pre and post-trade considerations

Indications of execution market manipulations

  • Abusive Squeezes
  • Wash Trades
  • Painting the tape
  • Phishing
  • Ping Orders
  • Marking the close
  • Pump and Dump
  • Layering and Spoofing
  • Trash and Cash
  • Colluding in the after-market of an IPO
  • Placing orders with no intention of executing

Case study analysis

  • Recent fines, activities and regulatory comment to include:
    • Horn (Stifel)
    • Gamestop
    • Abbattista (Fenician Capital Management)
    • Gorman (Braemar)

Summary

  • Open forum

With over 20 years of training experience in financial services, the trainer is well placed to support you across a range of compliance-related topics.  He is a former Head of Education for HSBC covering the UK and Europe, responsible for regulatory and financial crime related compliance learning.  His time at HSBC was during intense scrutiny from regulators and government functions during the bank’s Deferred Prosecution Agreement.

Other roles include leading the Monitoring and Testing programme for a UK Wealth Manager, and Senior Vice President responsible for Global Risk & Compliance training at a US-based bank.  He also worked in the Insurance Firms division at the Financial Conduct Authority (in the FSA days) where he was the divisional expert for the rules and outcomes required under the Training & Competence handbook.

The HSBC role, along with five years at Barclays in their Private Clients and Wealth functions, has seen the trainer work with retail, commercial, wholesale and private banking channels.  Since leaving HSBC, he has worked with the compliance, HR and operational teams of firms to enhance their regulatory understanding, as well as delivering content across private equity firms, investment houses, banks and wealth managers.  He regularly delivers core programmes for TISA and the Investment Association.

He is a former member of the Investment Management Association Training & Education Committee and won the Thomson Reuters award for “Most Effective Compliance Training at a Regulated Firm” in 2010.

The Market Abuse Regulation (MAR) was introduced in July 2016 and the FCA continues to fine both individuals and high-profile firms in the fund industry for breaches.  Along with the focus on increased accountability under SMCR, senior managers need to ensure there is ongoing vigilance in respect of market abuse in their firms, including understanding what it means, their obligations to demonstrate awareness and adherence throughout their staff and their appropriate introduction of relevant systems and controls.

Target group

  • All investment staff within authorised firms and funds
  • CCOs and Compliance staff
  • Operations and support staff

Format

  • Duration is as a half day classroom workshop
  • It can also be made available as an online webinar series

  • The trainer was excellent. He had a great personality and was friendly, informative and professional at all times. The content was in depth and easy to understand.
  • The instructor covered the regulatory landscape as well as a number of market abuse landscape. He also give directions on where to gather market abuse data.
Number of places:

£695.00

Per participant
Discounts available for multiple place booking find out more
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