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In light of Libor, EU’s Michel Barnier plans revisions to market abuse directive

By  |  July 9, 2012

Michel Barnier, the European Commissioner for Internal Market and Services, plans to revise the EU market abuse directive and regulation to prevent attempts to manipulate market indices and to ensure that criminal sanctions cover such behavior. The revisions come at a time when the financial and political worlds are rocked by international investigations into lending rate manipulation. The Financial Times reports that Barnier’s timeline for proposed amendments is a fortnight.

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    Full content: Financial Times

     

    Related content: Libor Litigation and the Role of Screening: The Need for Enhanced Compliance Programs

     

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