18:49 / 07.06.2022.

Author: Domagoj Ferenčić

HANFA boss responds to media reports of insider trading in his agency

Ante Žigman, the head of the Croatian Financial Services Supervisory Agency (HANFA)

Ante Žigman, the head of the Croatian Financial Services Supervisory Agency (HANFA)

Foto: Goran Kovacic / PIXSELL

The President of the Croatian Financial Services Supervisory Agency (HANFA), commented on a report published by the Index portal, which claims that as many as 89 of the agency’s employees traded in securities in breach of the Capital Market Act.

Speaking to reporters on Tuesday, Ante Žigman, the head of the Croatian Financial Services Supervisory Agency (HANFA), commented on media reports that some of his employees had illegally traded in securities: “I can only tell you that it is very difficult to distinguish between all the information. What is true and what is not. Often the question is the source, and the method used in pairing all the data. We have conducting internal monitoring of department heads and have found that there are no irregularities in this context. As for the rest, I can say that HANFA’s internal control will monitor everything and we will determine whether there were any irregularities or not. Irregularities will be sanctioned according to internal regulations and in this context we will ensure that the work in HANFA is appropriate and accurate," Žigman told reporters.


Žigman also went on to note that while monitoring is being conducted, complete surveillance is not possible: "Our employees are obliged to report these things. Everything they have reported, we have looked into, so that part has already been completed. What we will do in the coming period, is to monitor all of our employees and find out what is going on. But, I want to point out here, that we cannot institute some kind of "Big brother," to have all of our employees monitored all the time. This is why we amended the rules two months ago, to ban the trading of corporate stocks and corporate bonds by HANFA employees on the domestic market."


Source: HRT

Vijesti HRT-a pratite na svojim pametnim telefonima i tabletima putem aplikacija za iOS i Android. Pratite nas i na društvenim mrežama Facebook, Twitter, Instagram i YouTube!