> they still happen just as much and it increases the chance they'll go undetected
I would assume it’s a decrease in criminality. Compliance-caught and self-reported violations eclipse tattle-told ones. (Questioning the stability of this ratio through WFH is valid.) Being at home reduces the risk of the last. But it drastically increases the risk of the first, given the lack of unmonitorable live conversations.
I suppose one could measure markets for signs of statistically-detectable fudging? This would only cover a small set of trading violations, however.
I would assume it’s a decrease in criminality. Compliance-caught and self-reported violations eclipse tattle-told ones. (Questioning the stability of this ratio through WFH is valid.) Being at home reduces the risk of the last. But it drastically increases the risk of the first, given the lack of unmonitorable live conversations.
I suppose one could measure markets for signs of statistically-detectable fudging? This would only cover a small set of trading violations, however.