This paper aims to explore the key challenges faced by regulators following the implementation of the market abuse directive (MAD) in developing a consistent approach to tackling market abuse. The paper seeks to argue that how regulators respond to these challenges will have a significant impact on the success of the key objectives of MAD, which is to foster a cross‐border regime with common standards of market conduct.
An observation by the author which looks at the areas in which regulators need to develop greater cross‐border co‐operation.
Suggests that, notwithstanding the introduction of MAD, there are substantial differences in the way European regulators tackle market abuse.
A useful summary of the implications of MAD on European regulators and how they might be addressed.
