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Holding bankers to account – A decade of market manipulation, regulatory failures and regulatory reforms - Manchester Scholarship Online
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Holding bankers to account: A decade of market manipulation, regulatory failures and regulatory reforms

Oonagh McDonald CBE

Abstract

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 boo ... More

Keywords: Scandal, LIBOR, FOREX, gold, silver, manipulation, regulators, bankers, traders, accountability

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9781526119438
Published to Manchester Scholarship Online: September 2019 DOI:10.7228/manchester/9781526119438.001.0001

Authors

Affiliations are at time of print publication.

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