Skip to Main content Skip to Navigation
Journal articles

Aux marges de la triche ? Innovation normative et déontologie financière en salle de marché

Abstract : The compliance function, today a cornerstone of the control system in place within financial services providers, acts as an «instant legislator» that produces norms when legal or regulatory texts do not match practical contexts faced by market operators. Compliance officers can be described as compasses that guide the choices and actions performed by traders, and therefore legitimate market practices. As frame-makers, they contribute to the institutionalization of non-fraudulent practices within given contexts, not only by controlling or sanctioning, but rather through discussing and interpreting situations, with regards to the texts available. This research draws on a long-lasting participant observation within a brokerage house and shows, with a few examples, how regulation is produced in the field. We conclude that in most cases, the identification of fraud is not easy to perform, and rests on the kind of hermeneutical view that is conducted
Complete list of metadata

https://halshs.archives-ouvertes.fr/halshs-02610485
Contributor : Marc Lenglet <>
Submitted on : Sunday, May 17, 2020 - 9:51:31 AM
Last modification on : Monday, May 31, 2021 - 10:21:30 AM

Identifiers

Citation

Marc Lenglet. Aux marges de la triche ? Innovation normative et déontologie financière en salle de marché. Management & Avenir, INSEEC/Management Prospective Ed. 2009, 22 (2), pp.263-284. ⟨10.3917/mav.022.0263⟩. ⟨halshs-02610485⟩

Share

Metrics

Record views

47