FCA highlights market abuse risks, with some 'blindingly obvious'

Spotlight on fixed income

clock • 5 min read

The FCA has raised concerns about market abuse controls in place within the firms it regulated, warning that market manipulation, insider trading and other criminal behaviour could go undetected.

Speaking at the Association for Financial Markets in Europe on Wednesday (13 February), Financial Conduct Authority (FCA) director of market oversight Julia Hoggett revealed the regulator's "five Conduct Questions approach", which "helps regulated firms enhance the manner in which they conduct business". In August 2018, asset managers had been contacted by the FCA, which sent them a questionnaire examining their risk management procedures in reporting and preventing market abuse. It follows a 2015 paper, entitled Asset management firms and the risk of market abuse, which found "only a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA Consolidation Review: Key actions for firms navigating M&A

FCA Consolidation Review: Key actions for firms navigating M&A

What does best practice look like?

Professional Adviser
clock 07 January 2026 • 4 min read
FCA removes regulatory permissions from advice firm over breaches

FCA removes regulatory permissions from advice firm over breaches

Ups assets restriction and notes unpaid FOS award

Jen Frost
clock 22 December 2025 • 2 min read
 FCA chief: No allegations of Budget leak market abuse so far

FCA chief: No allegations of Budget leak market abuse so far

Told MPs on the Treasury Committee the leak caused serious concern

Alex Sebastian
clock 16 December 2025 • 3 min read