This book offers a commentary on the responses to white collar crime since the financial crisis. The book brings together experts from academia and practice to analyses the legal and policy responses which have been put in place following the 2008 financial crisis. The book looks at a range of topics including: the low priority and resources allocated to fraud; EU regulatory efforts to fight financial crime; protecting whistleblowers in the financial industry; the criminality of the rogue trader; the evolution of financial crime in cryptocurrencies; and the levying of financial penalties against banks and corporations by the US Department of Justice and Securities and Exchange Commission.
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vii | |
| Acknowledgements |
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xi | |
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1 | (6) |
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2 The 2008 financial crisis and fraud: the roles of immoral phlegmatism, deviancy attenuation and de-labelling |
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7 | (16) |
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3 The importance of whistle-blowers in uncovering financial misconduct in Potemkin villages |
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23 | (19) |
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42 | (17) |
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5 The systemic role of technology in financial instability |
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59 | (22) |
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6 The finance industry perspective |
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81 | (31) |
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7 Market abuse and the risk to the financial markets |
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112 | (17) |
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8 The FCA: protecting consumers of the consumer credit market in the wake of the global financial crisis |
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129 | (49) |
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9 Legislation and regulation in response to financial crime -- pursuing ghosts? |
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178 | (33) |
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10 Independence and protection of auditors in the EU anti-money laundering framework |
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211 | (32) |
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11 Post-crisis regulation and prosecutions in financial crime: progress or paradox? |
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243 | (25) |
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12 The financial crisis and its relationship with white collar crime in the United States of America: time for the Feds to fight back? |
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268 | (34) |
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13 The National Crime Agency: a critical analysis of its potential impact on the UK's financial crime policy |
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302 | (40) |
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14 Financial crises and financial crime: `conscious coupling' and `transformative understandings' of crime past, present and future |
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342 | (19) |
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| Index |
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361 | |
Nicholas Ryder is Professor in Financial Crime at the University of West England, UK.
Jon Tucker is Professor of Finance and the Director for the Centre for Global Finance at the University of the West of England, UK.
Umut Turksen is Professor of Law and Business at Kingston University, UK.
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