Holding Bankers to Account : A Decade of Market Manipulation, Regulatory Failures and Regulatory Reforms

McDonald, Oonagh

Manchester University Press（2019/03発売）

• 製本 Hardcover:ハードカバー版／ページ数 304 p.
• 言語 ENG
• 商品コード 9781526119438
• DDC分類 332.1

Full Description

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

Part I: LIBOR, A CHEQUERED HISTORY, 1968-2017
1 A decade of deregulation?
2 The evolution of LIBOR
3 Manipulation abounds
4 Yet more banks are involved
5 Who knew what when?
Part II: A DECADE OR MORE OF CHANGE IN THE FOREX MARKET
6 A rapidly changing Forex market
7 Manipulating Forex
Part III: WAS THE PRECIOUS METAL MARKET RIGGED?
8 Gold and silver fixing
Part IV: REGULATORY REFORM
9 Reforming benchmarks
10 Holding senior bankers to account
Appendix: Fines imposed on banks by regulatory authorities
Index