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Holding bankers to account A decade of market manipulation, regulatory failures and regulatory reforms / Oonagh McDonald.
- Format:
- Book
- Author/Creator:
- McDonald, Oonagh, author.
- Series:
- Manchester scholarship online.
- Manchester scholarship online
- Language:
- English
- Subjects (All):
- LIBOR market model.
- Global Financial Crisis, 2008-2009.
- Banking law.
- Banks and banking--Corrupt practices--Prevention.
- Banks and banking.
- Banks and banking--Corrupt practices--History--21st century.
- Genre:
- Electronic books.
- Physical Description:
- 1 online resource (303 pages)
- Edition:
- 1st ed.
- Manufacture:
- Baltimore, Md. : Project MUSE, 2019
- Place of Publication:
- Baltimore, Maryland : Project Muse, 2019
- Summary:
- This book provides a compelling account of the rigging of benchmarks during and after the financial crisis of 2007-08. Written in clear language accessible to the non-specialist, it provides the historical context necessary for understanding the benchmarks -- LIBOR, FOREX and the Gold and Silver Fixes -- and shows how and why they have to be reformed in the face of rapid technological changes in markets. Though banks have been fined and a few traders have been jailed, justice will not be done until senior bankers are made responsible for their actions. Provocative and rigorously argued, this book makes concrete recommendations for improving the security of the financial services industry and holding bankers to account.
- Contents:
- A decade of deregulation?
- part I. LIBOR, a chequered history, 1968-2018. The evolution of LIBOR
- Manipulation abounds
- Yet more banks are involved
- Who knew what when?
- part II. A decade or more of change in the foreign exchange market. A rapidly changing foreign exchange market
- Manipulating the foreign exchange market
- part III. Was the precious metal market rigged? Gold and silver fixing
- part IV. Regulatory reform. Reforming benchmarks
- Holding senior bankers to account.
- Notes:
- Also issued in print: 2019.
- Includes bibliographical references and index.
- Description based on print version record.
- ISBN:
- 1-5261-1946-3
- 1-5261-1945-5
- OCLC:
- 1088722920
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