The idea of criminalising corporates for ‘failing to prevent’ financial misfeasance has, in recent years, been put forward as a cure-all for tackling economic crime; however, it remains unclear whether such an approach would be viable, or indeed desirable, in the context of market abuse. Careful consideration needs to be given to the existing FTP regimes before it could reasonably be considered and endorsed by the FCA as part of its enforcement efforts. Read more