Market Manipulation and Insider Trading: Regulatory Challenges in the United States of America, the European Union and the United Kingdom

Author:   Ester Herlin-Karnell (University of Gothenburg, Sweden) ,  Nicholas Ryder
Publisher:   Bloomsbury Publishing PLC
ISBN:  

9781509903078


Pages:   168
Publication Date:   19 September 2019
Format:   Hardback
Availability:   Manufactured on demand   Availability explained
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Market Manipulation and Insider Trading: Regulatory Challenges in the United States of America, the European Union and the United Kingdom


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Overview

The European Union regime for fighting market manipulation and insider trading – commonly referred to as market abuse – was significantly reshuffled in the wake of the financial crisis of 2007/2008 and new legal instruments to fight market abuse were eventually adopted in 2014. In this monograph the authors identify the association between the financial crisis and market abuse, critically consider the legislative, policy and enforcement responses in the European Union, and contrast them with the approaches adopted by the United States of America and the United Kingdom respectively. The aftermath of the financial crisis, ongoing security concerns and increased legislation and policy responses to the fight against irregularities and market failures demonstrate that we need to understand, in context, the regulatory responses taken in this area. Specifically, the book investigates how the regulatory responses have changed over time since the start of the financial crisis. Market Manipulation and Insider Trading places the fight against market abuse in the broader framework of the fight against white collar crime and also considers some associated questions in order to better understand the contemporary market abuse regime.

Full Product Details

Author:   Ester Herlin-Karnell (University of Gothenburg, Sweden) ,  Nicholas Ryder
Publisher:   Bloomsbury Publishing PLC
Imprint:   Hart Publishing
Weight:   0.396kg
ISBN:  

9781509903078


ISBN 10:   1509903070
Pages:   168
Publication Date:   19 September 2019
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Introduction I. Introduction II. The Financial Crisis and the Fight against Financial Crimes: Some Hardcore Data III. Market Manipulation: The Major Crime IV. Structure of the Chapters V. Conclusion 2. Market Manipulation and Insider Dealing in the EU Context I. Introduction II. The EU’s Fight against Financial Crimes and the Importance of ‘Confidence’ in the Market III. The EU Legislative Framework to Fight Market Abuse IV. Criminal Liability for Legal Persons – A Brief Overview V. Conclusion 3. Regulatory Strategies: On the Choice of Sanction I. Introduction II. Quasi-criminal Law in the EU Context III. The Eternal Debate: Criminal or Administrative Sanctions? IV. Market Abuse Sanctions – The EU Context and the Question of Proportionality V. The United Kingdom VI. The United States of America VII. Conclusion 4. Market Abuse and the Wider EU Fight Against Financial Crimes I. Introduction II. The Wider Area of Financial Crimes: Money Laundering and Fraud III. The European Public Prosecutor’s Office and EU Agencies IV. Subsidiarity Questions and Accountability with Broader Relevance for the EU Market Abuse Regime V. Fundamental Rights and Data Protection VI. Conclusion 5. The United Kingdom I. Introduction II. Insider Dealing III. Market Abuse IV. The 2007/08 Financial Crisis, Market Manipulation and the Enforcement Response V. The Serious Fraud Office VI. The Financial Conduct Authority VII. Conclusion 6. The United States of America I. Introduction II. Insider Trading III. Market Manipulation IV. The 2007/08 Financial Crisis, Market Manipulation and the Enforcement Response V. The Securities and Exchange Commission VI. The Department of Justice VII. Commodities Futures Trading Commission VIII. Conclusion 7. Conclusion I. Introduction II. Final Remarks

Reviews

Thorough, detailed yet dealing with fundamental questions, Market Manipulation and Insider Trading is a value-adding piece of work in the field of multijurisdictional literature on market abuse. -- Lela Melon, University Pompeu Fabra * International and Comparative Corporate Law Journal * An exceptionally well researched and timely book with helpful references to the relevant academic literature, legislation and policy interventions in the field of market abuse ... particularly suited to EU policymakers, scholars, lawyers, and other professionals who will also benefit from the insights mentioned in this book. -- Bohan Liu, Xiamen University Law School * Modern Law Review * Extensively researched and hence a helpful repository of references to some of the main scholarly texts and policy documents (and legislation) relevant to the market abuse and benchmark manipulation areas ... a timely text that draws our attention to the globally pervasive issues of market abuse and benchmark manipulation and their regulation, as part of the more general problem of financial crime. -- Eva Lomnicka * Common Market Law Review * This excellent publication should enjoy a wide audience among legislators and policy-makers. -- Dayanath Jayasuriya * The Commonwealth Lawyer * [The book] delivers, in a clear and succinct form, an overview of the law in relation to market abuse in the EU, UK and USA ... it is recommended for academics, lawyers, students and policy makers who have an interest in this interesting and evolving field. -- Janet Austin, University of New Brunswick * Banking & Finance Law Review *


Thorough, detailed yet dealing with fundamental questions, Market Manipulation and Insider Trading is a value-adding piece of work in the field of multijurisdictional literature on market abuse. -- Lela Mélon, University Pompeu Fabra * International and Comparative Corporate Law Journal * An exceptionally well researched and timely book with helpful references to the relevant academic literature, legislation and policy interventions in the field of market abuse … particularly suited to EU policymakers, scholars, lawyers, and other professionals who will also benefit from the insights mentioned in this book. -- Bohan Liu, Xiamen University Law School * Modern Law Review * Extensively researched and hence a helpful repository of references to some of the main scholarly texts and policy documents (and legislation) relevant to the market abuse and benchmark manipulation areas … a timely text that draws our attention to the globally pervasive issues of market abuse and benchmark manipulation and their regulation, as part of the more general problem of financial crime. -- Eva Lomnicka * Common Market Law Review * This excellent publication should enjoy a wide audience among legislators and policy-makers. -- Dayanath Jayasuriya * The Commonwealth Lawyer * [The book] delivers, in a clear and succinct form, an overview of the law in relation to market abuse in the EU, UK and USA … it is recommended for academics, lawyers, students and policy makers who have an interest in this interesting and evolving field. -- Janet Austin, University of New Brunswick * Banking & Finance Law Review *


Thorough, detailed yet dealing with fundamental questions, Market Manipulation and Insider Trading is a value-adding piece of work in the field of multijurisdictional literature on market abuse. -- Lela Melon, University Pompeu Fabra * International and Comparative Corporate Law Journal *


Author Information

Ester Herlin-Karnell is currently a visiting research fellow at Uppsala University. Nicholas Ryder is Professor of Law at the University of the West of England, Bristol.

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