The second Market Abuse Directive (MAD II) : a study of its impact on Malta's financial sector

Abstract

Market abuse is a global threat which disturbs the integrity of financial markets. Market manipulation, which has been increasing drastically due to rapid development in technology, leads to significant losses for companies and the economy as a whole. As a result, investor confidence in the financial system can decrease. This study evaluates the important implications which the new Second Market Abuse Directive will have on the Maltese financial sector. It also analyses how the EU is working to create regulatory progress and harmonisation across its Member States’ financial markets.