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Europe Daily Bulletin No. 10746

7 December 2012
ECONOMY - FINANCE / (ae) finance
Council supports criminal penalties for market abuse

Brussels, 06/12/2012 (Agence Europe) - On Wednesday 5 December, the EU27 member states reached broad agreement on the introduction of criminal penalties for market abuse like insider trading and market manipulation. The penalties will be set at national level, but the Cypriot Presidency points out in a press release that the EU27 ministers have agreed that the penalties must be “effective, proportionate and dissuasive.” Criminal penalties will also be introduced for fiddling with...

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