It is no surprise that the credit crunch has led to a
clamour for greater regulation of financial services. On
October 11 2007, the UK Chancellor of the Exchequer pledged
that he would review the existing supervisory regime. Following
that announcement, the Bank of England, the Financial Services
Authority (FSA) and the Treasury have jointly published four
consultation papers outlining proposed reforms to the financial
services regulatory framework.
Jamie Symington, head of wholesale enforcement at the FSA,
reaffirmed in a speech to the City earlier this month the
priority the FSA places on guarding against market abuse.
Working from a common-sense view that a jittery market might
only serve to increase the potential for market abuse, the FSA
has pledged to continue to pursue both criminal and civil
Against this backdrop, where does the Alternative Investment
Market (Aim), launched by the London Stock Exchange (LSE) in
1995 and specifically...