Browsing by Subject "corruption"

This research examines the relationship between Market Abuse Regulation, specifically in the context of inside information and insider dealing, and corruption prevention in in the European Union. One of the primary objectives of MAR is to enhance the integrity of the financial markets in the EU, and in this research the corruption aspect of integrity is examined from the perspective of inside information, insider dealing, and potential conflicts of interests for public officials. To form a comprehensive understanding of what types of corruption prevention mechanisms are in place, the disclosure requirements and enforcement of the insider dealing provisions are examined as well. As corruption is mainly considered from a public law and public interest perspective, this research combines elements of legal theory and different corruption detection mechanisms to traditional legal dogmatics in its methodology. The combining elements of insider dealing prohibition and corruption further promote this line of research and the choice of methodology. The aim of this research is to find whether the corruption prevention tools should be considered in a wider context to enable the MAR to reach its goal of achieving integrity, and what are the principles the insider dealing prohibition is based on to highlight its common ground to corruption prevention. The current European framework on corruption does currently cover conflicts of interests or financial interests of public officials in Member States in a harmonized manner, and the national regimes severely lack enforcement. As the current framework is under review, the suggestion made this research is that the private sector corruption risk relating to financial markets and specifically insider dealing would be better considered when building up the failed integrity through better tools for anti-corruption. Furthermore, harmonization of disclosure requirements for conflicts of interests on financial matters for public officials could provide better trust and transparency for financial markets and increase the competitiveness of the European financial markets.