They aid in the pricing and management of risks and allows firms to increase their capital at times of need. The markets must remain open as they play the fundamental role of supporting the economy.
In a recent speech, the FCA reassured its responsibility in maintaining the markets open, even under the difficulties caused by the pandemic. Surveillance requirement owing to new ways of work
Hence new surveillance methods must be used to welcome these policy updates. Regulators are introducing timely updations in market policies to curb these new risks. But there is a change in the way these risks manifest. The physical presence of employees on the trade-floor was helpful for compliance personnel to have an overwatch of the employees, and it helped in the early identification of potential risks.Īccording to the FCA, the fundamentals of market abuse offenses have not changed. The role of compliance managers in ensuring the employees’ adherence to such policies is also commendable. Polices set by the regulators have always helped to maintain transparency in trades. Identifying fraudulent activities in the market and preventing them has always been a headache for regulators and compliance managers. But this has set the bars for compliance to a whole new high. Owing to the restrictions imposed by the pandemic, people have changed their way of working from offices or trading floors and have started working from home. And we have yet again proved it amidst the Covid-19 pandemic. Adaptability to changes has always helped humanity survive the most difficult situations throughout history.