REVIEW of Ester Herlin-Karnell and Nicholas Ryder’s Market Manipulation and Insider Trading

Abstract

The financial crisis of 2007/2008 brought under the spotlight the question of legal regulation of questionable financial market practices and gave rise to amendments to the existing legislation on market abuse globally. The diversity of global responses to market abuse practices in the post-crisis period invited for a comparative analysis of the effectiveness of the regulatory responses, and critical assessment of their substance and impact, especially in jurisdictions with a substantial influence on the health of global financial markets. Professor Ester Herlin-Karnell and Professor Nicholas Ryder contribute to this body of literature through their assessment of legislative, policy and enforcement responses in the European Union and contrast them to the measures adopted by the USA and the UK regulator in the book Market Manipulation and Insider Trading, observing the changes in regulatory responses over time while positioning the fight against market abuse in the broader framework of white-collar crime.