Podcast
Questions and Answers
Why is compliance crucial in trading?
Why is compliance crucial in trading?
- To limit market access and restrict participation in trading
- To ensure fair play, protect investors, and maintain market integrity (correct)
- To increase transaction costs and make trading more expensive
- To discourage trading activity and reduce market engagement
Which regulatory body oversees financial markets in the UK?
Which regulatory body oversees financial markets in the UK?
- Securities and Exchange Commission (SEC)
- Commodity Futures Trading Commission (CFTC)
- European Securities and Markets Authority (ESMA)
- Financial Conduct Authority (FCA) (correct)
What is the primary goal of the Market Abuse Regulation (MAR)?
What is the primary goal of the Market Abuse Regulation (MAR)?
- To increase trading volume and boost market activity significantly
- To fight market manipulation and insider trading (correct)
- To reduce transaction fees and make trading more cost-effective
- To encourage high-frequency trading and rapid transactions
What significant impact did the Dodd-Frank Act have on the financial markets?
What significant impact did the Dodd-Frank Act have on the financial markets?
How does the General Data Protection Regulation (GDPR) affect trading firms?
How does the General Data Protection Regulation (GDPR) affect trading firms?
What is a key best practice for staying compliant in trading?
What is a key best practice for staying compliant in trading?
What role do surveillance systems play in compliance?
What role do surveillance systems play in compliance?
Why are regular audits important for compliance?
Why are regular audits important for compliance?
How can ongoing training help in maintaining compliance?
How can ongoing training help in maintaining compliance?
What is the benefit of fostering a culture of compliance within an organization?
What is the benefit of fostering a culture of compliance within an organization?
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