The investigations into the manipulation of the London Interbank Offered Rate (Libor) have raised significant questions about how conflicts of interest are managed for both regulated entities, contributing in benchmarks, and their regulators. An alternative framework is under consideration,...

Global capital markets are in a state of flux. Castigated in the past as "Barbarians at the Gate", private equity providers are once again proclaiming the end of the public corporation. This important book addresses the implications of private equity for the governance of corporations, the...

The U.S. Securities and Exchange Commission (SEC) often describes enforcement as its number one priority – however, limited empirical work has been undertaken studying SEC enforcement. This article presents the results of an empirical study of sanctions imposed for insider trading and market...

Market manipulation, generally considered to be a serious form of misconduct, has been a significant focus of regulators, the media and others in Australia and internationally, with widespread allegations of market manipulation, not just relating to securities, but in relation to interest rates,...

Scandals are a recurring feature of UK financial services and they were probably more common in the 1840s than today. There is no overwhelming evidence that general financial practice is less ethical than it was in the Victorian era and it appears more likely that ethical standards have risen....

This paper considers the dilemmas associated with the regulation of offshore finance centres under conditions of late-modern capitalism and a world economy that is shaped increasingly by the pressures of globalisation. Since the early 1970s factors such as: rapid developments in information...

This paper considers organized crime as various forms of business activity which may or may not have attracted the label of criminality. In particular, how perceptions of legitimacy and the effects of other normative factors will influence strongly whether activities, individuals and groupings...

This empirical study applies the authors' model of enforcement intensity to quantify the severity of sanctions imposed on defendants for market manipulation and insider trading in Australia, Canada (Ontario), Hong Kong, Singapore, and the United Kingdom, providing comparative measures of the...