Friday, 3rd August 2012

Amended proposal for a Directive of the European Parliament and of the Council on criminal sanctions for insider dealing and market manipulation

Source: European Commission

From Press Release:

In the recent LIBOR scandal, serious concerns have been raised about false submissions of banks' estimated interbank lending rates. Any actual or attempted manipulation of such key benchmarks can have a serious impact on market integrity, and could result in significant losses to consumers and investors, or distort the real economy. The European Commission has today acted to address this kind of market manipulation, by adopting amendments to the proposals for a Regulation and a Directive on insider dealing and market manipulation, including criminal sanctions, initially tabled on 20 October 2011. Today's amendments will clearly prohibit the manipulation of benchmarks, including LIBOR and EURIBOR, and make such manipulation a criminal offence.

+ Directive (PDF; 22 KB)

+ Regulation (PDF; 19 KB)

+ Press Release

Category:

• Business and economics (DocuTicker)
• Consumer issues (DocuTicker)
• Crime (DocuTicker)
• Europe (DocuTicker)
• International (DocuTicker)
• Legal and law enforcement (DocuTicker)
• United Kingdom (DocuTicker)

Source:

• European Commission

Views: 762

By Adrian Janes

Having begun his career in academic libraries, Adrian Janes is currently an Information Services Librarian with the London Borough of Havering.

In this role, he has particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by Free Pint Ltd. in 2007. He is also involved in training and publicising online reference resources and is a regular contributor to DocuTicker.

Adrian can be reached at adrian.janes@freepint.com

More articles by Adrian Janes »

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