Call for Evidence (Market Abuse Directive)

Call for Evidence

Review of Directive 2003/6/EC on insider dealing and market manipulation

(Market Abuse Directive)

Response by the London Investment Banking Association, Securities Industry and Financial Markets Association, International Swaps and Derivatives Association and International Securities Lending Association

Addressing Termination Troubles

When Enron announced a shock $618 million loss on October 16, 2001, it took a further 47 days until it filed for bankruptcy. For Bear Stearns, it took 266 days between its bailout of a structured credit fund run by...