“How regulated firms and other market participants conduct themselves on securities markets has a powerful impact on trust in financial services," said Colm Kincaid, CBI director of securities and markets supervision. Expand Close Regulation: The Central Bank’s Colm Kincaid is concerned by market abuse. Photo: CBI / FacebookTwitterEmailWhatsapp Regulation: The Central Bank’s Colm Kincaid is concerned by market abuse. According to the Central Bank, volumes tripled during the massive stock sell-off in March 2020 and doubled in the trading day after the US presidential election, increasing the risk for market abuse. More recently the overwhelming interest of amateur retail investors in so-called ‘meme-stocks' such as GameStop has also attracted the attention of the Central Bank.

Source: Irish Independent February 09, 2021 02:37 UTC