Many commentators, regulatory agencies and politicians have blamed the risky behaviour of both financial institutions and their actors for the collapse of the United States sub-prime mortgage market which in turn precipitated the global 'Credit Crunch'. This edited volume explores how financial crime played a significant role in the global economic crisis.

The volume features contributions from internationally renowned academic and practitioner experts in the field who pinpoint some of the most important facets of financial crime which have emerged over recent years. Key subjects include: 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 illustrates the global nature of financial crime, and highlights the complex relationships between regulatory bodies, law enforcement agencies and private actors in the attempt to limit the harmful effect of white collar crime on the stability of the financial sector.

This book will be of great use and interest to scholars, practitioners and students within the field of financial crime, banking and finance law, and international political economy.

chapter 1|6 pages


ByProfessor Nicholas Ryder, Dr Umut Turksen, Dr Sabine Hassler

chapter 2|22 pages

Risk, recklessness and policing the financial markets

ByJonathan Fisher QC

chapter 4|23 pages

LIBOR manipulation

The limits and potential of corporate criminal liability
ByRobert Stokes

chapter 6|18 pages

Solicitors and complying with the anti-money laundering framework

Reporting suspicions, applying for consent and tipping-off
ByAndrew Campbell, Elise Campbell

chapter 7|16 pages

The good, the bad and the fraud

Securitisation and financial crime in light of the global financial crisis
ByAnastasia Nesvetailova, Andrei Sandu

chapter 8|24 pages

Corruption, money laundering, secrecy and societal responsibility of banks

ByIndira Carr, Robert Jago

chapter 9|21 pages

Virtual currency in a virtual world

Virtually unstoppable?
ByAlan S. Reid