KRM22 announced another new customer taking advantage of Bovill?s innovative Market Abuse Surveillance Managed Service. Bovill combines its in-depth compliance expertise service with KRM22?s cutting edge technology to provide a cost effective and robust solution to remaining compliant with Market Abuse regulation (MAR). Market abuse surveillance is an ongoing challenge for firms. The pandemic and a prevalent culture of remote working has engendered new and unique difficulties with monitoring market abuse, particularly insider trading.

Bovill originally developed the concept of a managed service for market abuse alongside a working group of clients. Where larger institutions have used technology to identify suspected abuse for some years, many firms have not had the resources to implement this kind of technology solution or manage the outputs. With increasing evidence that the FCA is identifying and pursuing potential market abuse breaches using their own technology, more firms are looking to upgrade their surveillance controls to pre-empt issues.

This new customer further demonstrates Bovill and KRM22?s combined ability to deliver best practice outsourcing alongside cutting edge technology.