Year
2020
Authors
BOUTHINON-DUMAS Hugues, MARTY Frédéric, REZAEE Amir, KIRAT Thierry
Abstract
The unimpaired functioning of financial markets and the protection of investors and savers presuppose the implementation of financial regulation capable of preventing and sanctioning illicit practices consisting of market failures or abuses. The increasing complexity of financial activities may make it more difficult to characterize illicit practices and thus to deter them by means of pecuniary or financial penalties in the context of litigation proceedings. This article explores the interests and limits of three of the avenues open to the financial regulator to respond to these difficulties: the use of transactional procedures, the implementation of procedural regulation strategies and, finally, the use of algorithmic regulation devices.
MARTY, F., BOUTHINON-DUMAS, H., REZAEE, A. et KIRAT, T. (2020). La crise de la régulation par la sanction ex post : les nouvelles voies de la régulation financière, de la crise des subprimes au trading haute fréquence. Droit et Société, 104(2020/1), pp. 71-88.