Bond market ‘wrongdoings’ reveal failure to self-regulate the cowboys

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 90%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Questions are being asked over bond market trading because market players no longer feel the incentive to police their own reputations among their own number.

on another investigation into bond market trading including the associated futures market trading – activity described by one bank chief executive as “wrongdoings” – to me further confirms that the regulators, investigators, and corporate boards have overlooked a fundamental weakness in overseeing market integrity.

In identifying inappropriate trading, the colourful culture of traders is often included as one of the reasons.of traders is often included as one of the reasons lying behind it.

Historically, most centralised exchange markets were established by the participants themselves that traded the goods on offer. They owned, operated and self-regulated their exchanges, and operated under a mutual or co-operative structure. Consequently, the traders, brokers, board members and clearers all had a vested competitive, as well as financial, interest in things happening above board.

In my experience, exchange-traded markets, whether mutual or not, must place high importance on market supervision and trading conduct. They have the expertise and are best placed to ask questions and head off emerging problems. In doing so, they are the front line of protecting their own reputation and that of the marketplace overall, and consequently the public standing of the financial system in which they do their business.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 2. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين