No Escape From Jail or Fines in Global Market-Abuse Curbs

hurley11-150x150Bloomberg
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Crooked bankers and insider traders would have no safe havens under planned global guidelines for market-abuse penalties, amid concerns some countries don’t have strict enough rules…

Expert quote:

“In one respect it’s the age-old problem of race to the bottom, race to the top. Do you try to be the best, with the risk that institutions try to move elsewhere, or do you try to be competitive through laxity?”

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