Author : Oonagh McDonald
Publisher : Manchester University Press
ISBN 13 : 1526119463
Total Pages : 247 pages
Book Rating : 4.69/5 ( download)
Book Synopsis Holding bankers to account by : Oonagh McDonald
Download or read book Holding bankers to account written by Oonagh McDonald and published by Manchester University Press. This book was released on 2019-03-01 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.