To effectively recognize, investigate, and report on signs of misconduct, firms need the best available tools which will benefit them in mitigating and managing the risks of market abuse. Detecting insider trading has been one of the top priorities for most firms in the marketplace; a reliable news source is a critical tool in identifying this behaviour.
Regulators across the globe are cracking down on Insider Trading especially in the aftermath of the COVID-19 pandemic. In Europe, the FCA has said that it expects firms to proactively monitor for insider dealing in the new, hybrid working environment. The FCA supervisory focus is a clear indication that despite the operational challenges of remote working, firms must ensure that they have adequate systems and controls in place to detect and report suspicious transactions. In the US, the CFTC and the SEC are also placing higher focus on Insider Trading; this is demonstrated by the potential Insider Trading scandal related to two senators selling millions of dollars in stock shortly before the markets crashed in response to the COVID-19 pandemic.
KRM22’s Global Risk Platform provides applications to help you address your firm’s regulatory, market, technology and operations risk challenges and to manage your entire enterprise risk profile. KRM22 is a public Group listed on AIM and headquartered in London.