Morgan Lewis partner Chris Warren-Smith was quoted in a Commercial Dispute Resolution (CDR) News article about the UK Financial Conduct Authority’s (FCA’s) £9.2 million fine against the London Metal Exchange, marking the first FCA enforcement action against a registered exchange.
“Investment exchanges should review their crisis management plans to ensure that[,] in the event they are faced with a similar situation, there is a clear roadmap by which to navigate the crisis,” said Chris, adding, “Exchange managers should ask themselves whether current systems and controls support ongoing trading under conditions of severe market stress.”
Read the full CDR News article >>
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