The Parliament’s Economic & Monetary Affairs Committee (ECON) has unanimously backed the European Commission’s proposal for criminal sanctions to tackle the abuse and manipulation of financial markets. Under the new rules, Member States will have to make sure that market abuse, including the manipulation of benchmarks, is a criminal offence, and effective sanctions will be put in place everywhere in Europe to punish offenders.

As Vice-President Viviane Reding, the EU's Justice Commissione...

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