Description
Bloomsbury Publishing (UK) Market Manipulation and Insider Trading: Regulatory Challenges in the United States of America the European Union and the United Kingdom 2019 by Ester Herlin-karnell Nicholas Ryder
One of the emerging trends in the debate surround the causes of the global financial crisis which seriously started in 2008 has been the identification of the contributory factors. A great deal of literature has concluded that there were many factors including iinter alia/i poor banking regulation weak regulation of the consumer credit markets securitisation and the spectacular collapse of the United States sub-prime mortgage sector. However there has been an increasing amount of recognition that white collar crime was a significant factor in the most recent financial crisis. The early body of research on the link between white collar crime and the financial crisis identified mortgage fraud as being one of the most prominent causes. This monograph however seeks to identify a new version of and emerging type of white collar crime: market manipulation. Specific reference will be made to the manipulation of London Interbank Offered Rate (LIBOR) and the foreign exchange market (FOREX) and other relevant cases. The authors will identify the association between the financial crisis and market manipulation and then critically consider the legislative policy and enforcement responses in the United States of America the United Kingdom and the European Union.