This book offers an interdisciplinary analysis of market manipulation and insider dealing, together comprising the offence of market abuse. It examines the mechanics of market abuse and the means for its perpetration in modern financial markets, providing a critical analysis of the legal and regulatory framework for dealing with market abuse in the UK, and of the emerging EU regime. In this context, it evaluates the potential deterrent benefits of civil law remedies.
PREFACE TABLE OF STATUTES TABLE OF STATUTORY INSTRUMENTS, RULES, AND REGULATIONS TABLE OF CASES LIST OF ABBREVIATIONS INTRODUCTION PART I: THE ECONOMIC ANALYSIS OF MARKET ABUSE 1. MODERN FINANCIAL MARKETS AND FINANCE THEORY 2. THE MECHANICS OF MARKET ABUSE 3. THE REGULATION OF FINANCIAL MARKETS FRAUD AND MANIPULATION PART II: THE REGULATION AND PROSECUTION OF MARKET ABUSE IN THE UK AND EC 4. LIABILITY FOR FINANCIAL MARKET FRAUD AND MANIPULATION AT COMMON LAW AND IN EQUITY 5. THE STATUTORY AND REGULATORY PROHIBITION OF MARKET ABUSE IN THE UK 6. THE REGULATION OF MARKET ABUSE IN THE EC PART III: THE QUESTION OF CIVIL RIGHTS OF ACTION 7. RETHINKING CIVIL REMEDIES 8. CONCLUSION