<Book>
Conflicts of interest in the financial services industry : what should we do about them?
Responsibility | Andrew Crockett ... [et al.] |
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Series | Geneva reports on the world economy ; 5 |
Material Type | Book |
Publisher | Geneva : International Center for Monetary and Banking Studies |
Publisher | London : Centre for Economic Policy Research |
Year | [2004?] |
Language | English |
Size | xx, 119 p. : ill. ; 25 cm |
Abstract | In the recent stock market collapse, confidence in the financial industry was shaken by numerous scandals. Beginning with Enron in 2001, scandals brought about the demise of prominent financial figure..., damaged the reputation of premiere firms and destroyed the global accounting giant Arthur Andersen. Central to this crisis was the exploitation of conflicts of interest. Research analysts at investment banks were found to be distorting information at the behest of underwriting departments eager to promote new issues. Auditors appeared to sanction misleading accounting in order to gain business for the consulting side of their firms. Policy response in the United States was quick. Large fines were levied and regulators compelled the separation of financial activity by function, constraining financial conglomerates.show more |
Table of Contents | What are the issues? Investment banking : conflicts of interest in underwriting and research Accounting : conflicts of interest in auditing and consulting Conflicts of interest in universal banking Overview and conclusions Discussion and roundtable. |
Holdings
Status | Volume | Location | Call No. | Printed | Collection Name | Barcode No. | Comments | Reserve | Copy | Automatic archive |
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|
Central Library 3B | 338/C 93/20040156 | 2004 |
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017212004001565 |
|
Bibliographic details
Notes | Other authors: Trevor Harris, Frederic S Mishkin, Eugene N White Includes bibliographical references (p. 113-119) |
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Authors | Crockett, Andrew Harris, Trevor S. Mishkin, Frederic S. White, Eugene Nelson, 1952- International Center for Monetary and Banking Studies Centre for Economic Policy Research (Great Britain) |
ID | 1001168822 |
ISBN | 1898128790 |
NCID | BA67616631 |
Vol | ISBN:1898128790 |
Created Date | 2009.09.17 |
Modified Date | 2009.09.17 |