Holding bankers to account: A decade of market manipulation, regulatory failures and regulatory reforms
ISBN: 9781526144577
Platform/Publisher: Oxford Academic / Manchester University Press
Digital rights: Users: Unlimited; Printing: Unlimited; Download: Unlimited
Subjects: Financial Institutions and Services;

This book presents a detailed and 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.


Oonagh McDonald CBE is a Visiting Fellow at the International Institute of Banking and Financial Services, University of Leeds

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