Question
The ethical culture within the banking and finance sector has been under the spotlight. There have been many examples of MARKET MANIPULATION e.g. LIBOR (London
The ethical culture within the banking and finance sector has been under the spotlight. There have been many examples of MARKET MANIPULATION e.g. LIBOR (London Interbank Offer Rate) scandal and foreign exchange market rigging. Explain your answer to the following two questions using the LIBOR example.
- (a)Do you think we need more or better regulation to address concerns of MARKET MANIPULATION in international financial markets?
- (b)What more should be said (e.g. written down as specific codes or firm policy) and what action should be taken at a corporate level (strategy, policy and organisation) to prevent individuals acting against law, or firm policies?
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a Based on the LIBOR scandal example I believe we need both more and better regulation of internatio...
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
