FCA’s Hoggett on why it’s good to talk
The Financial Conduct Authority (FCA) director in charge of stamping out market abuse sees her work as a dialogue with the industry.
Julia Hoggett, director of market oversight at the UK’s FCA, has a simple adage: you maximize the chances of people meeting your expectations if you are clear about what those are.
Julia Hoggett, FCA
In a speech late last year, she set out what she expects of market participants when it comes to the identification and reporting of market abuse, in whatever form.
Equity market participants needed to step up their ability to identify market manipulation – often less obvious than insider dealing and accounting for a much lower proportion of reports.
And fixed income and commodity markets needed to get better overall at identifying all kinds of market abuse.