Transparency in UK Equity Markets

Date01 March 1995
DOIhttps://doi.org/10.1108/eb025707
Pages189-191
Published date01 March 1995
AuthorRinita Sarker
Subject MatterAccounting & finance
Journal of Financial Crime Vol. 3 No. 2 Financial Fraud
FINANCIAL FRAUD
Transparency in UK Equity Markets
Rinita Sarker
'Some of the activities of the City may bear con-
siderable resemblance to those of a casino ... even
so there is much to be said for a regulatory system
which would ensure that the roulette wheel is not
rigged.'1 The Securities and Investments Board
(SIB) appears to have taken Professor Gower's
comments to heart in its latest report on the regu-
lation of UK equity markets.2 The report, accord-
ing to SIB chairman, Andrew Large, is designed to
'pave the way for the future', boost investor con-
fidence that the market is a clean and fair place to
do business, while at the same time assuring firms
that the regulatory system is responding to product
innovation and new technological developments in
a diverse market place. With this aim in mind, the
report heralds a significant increase in transparency
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