The Market Abuse Regulation (MAR) and MiFID’s surveillance obligations are vital puzzle pieces in preventing financial crime and maintaining stable financial markets.
However, managing surveillance obligations has always been a challenge for financial services firms due to the range data points that need to be captured, monitored, and reported on, and the different legislations firms have to adhere to depending on the country they are operating in. And that was before the Covid-19 pandemic triggered extreme market volatility and trading volumes, and forced home working for the vast majority.
As projected, the regulator has in 2020 pushed market abuse compliance to the top of the agenda, especially in light of remote working and increases in e-communications.
So how do firms successfully manage their MAR obligations? The answer, increasingly, points to holistic surveillance. However, whether this holy grail of compliance monitoring exists today is often disputed.
This Regs & Eggs webinar will discuss what holistic surveillance means in practice today and what we are hoping it will look like in 30 years.