Finance Watch today testified to the Committee on Economic and Monetary Affairs (ECON) of the European Parliament at a Public Hearing on “Tackling the culture of market manipulation – global action post Libor/Euribor”.
Related policy area
Deregulation of equity, bonds and derivatives markets has undermined the primary objective of financial markets: to channel savings and capital to the most promising economic developments, while managing risk adequately.
Finance Watch was represented by its Secretary General, Thierry Philipponnat. The hearing also included evidence from CFTC chair Gary Gensler, Internal Market Commissioner Michel Barnier, Competition Commissioner Joaquín Almunia, IOSCO chairman Masamichi Kono and industry representatives.