On 9 October, the Economic and Monetary Affairs Committee (ECON) in EP adopted its CMAD and MAR reports. The rapporteur, Arlene McCarthy, explained that ECON wants to ensure that maximum jail sentences across Member States are at least five years for the more serious offences. They also want sanctions to be made public and fraudsters to be named. All trading venues must adopt procedures for preventing abusive practices, and exchange of information between countries should be mandatory. (Source: Market Abusers Should Face Jail, Say Economic Affairs MEPs)