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Published: 01 April 2019

280 Pages

9.2 x 6.1 inches

ISBN: 9781526119438

Also Available As:


Bookseller Code (1A)

Holding bankers to account

A decade of market manipulation, regulatory failures and regulatory reforms

First Edition

Oonagh McDonald CBE

Published by Manchester University Press

  • Provides the most comprehensive treatment to date of rate-fixing by bankers and traders during and after the financial crisis of 2007-08
  • Presents a readable overview of regulatory changes from the 1980s through to 2013, when the Financial Services Authority was replaced by the Financial Conduct Authority and the Prudential Regulatory Authority, essential to understanding what went wrong
  • Explains how traders were able to manipulate the benchmarks in rapidly changing markets transformed by new technologies
  • Points the way for holding senior managers of banks to account, noting that banks were obliged to pay huge fines by more than one regulator and that only a few traders ended up in prison

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Social Sciences > Business & Management