White-Collar Crime - Cracking the culture
The Financial Services and Markets Act 2000 gave the regulators new powers to crack down on insider trading, but how effective has it been in tackling the worst offenders? Jeremy Summers takes a look
The Economic Secretary to the Treasury, Patricia Hewitt, was keen to set a clear benchmark in November 1999, when advising Parliament on the need for greater powers to tackle insider dealing. “We are determined to ensure that the financial markets are open and clean places to do business,” he said. “London’s reputation depends on that.”
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