Fraud in the Financial Markets — The New Bill

The implications of financial sector fraud, in terms of the dangers for our societies and for economic well‐being, must be clear to all. The implications for policy makers must be addressed in their statutory response to the threat. A combination of a strong regulatory regime for the industry, effective gatekeeping at entry to the industry or markets, vigilant supervision of the authorised community and prompt and fair action to ensure the highest level of consumer protection is called for.