The 'Credit Crunch' and financial crises which resulted from the collapse of the United States sub-prime mortgage market have been blamed by many commentators, regulatory agencies and politicians on the risky casino-like behaviour of financial institutions.
However, this edited volume focuses on the impact of financial crime and examines the possibility that this also played a part in causing the global economic crises.
The volume features contributions from internationally renowned experts in the field who look at a range of topics including: the possibility of criminalising reckless risk-taking on the financial markets; the duty of banks to prevent money-laundering and corruption; the growth of the Shadow Banking System; and the manipulation of LIBOR by banks.
The book highlights the complex relationships between regulatory bodies and law enforcement agencies and private actors, and considers what can be done to deter and prevent financial crime and therefore limit its deleterious effect on the stability of the financial sector.
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