Policing the Markets: Structures and Policies

Journal of Financial Crime, Vol. 6, No. 4, pp. 362-366, 1999

11 Pages Posted: 8 Feb 2013  

George Gilligan

University of Melbourne - Centre for Corporate Law and Securities Regulation

Date Written: May 16, 1999

Abstract

Scandals are a recurring feature of UK financial services and they were probably more common in the 1840s than today. There is no overwhelming evidence that general financial practice is less ethical than it was in the Victorian era and it appears more likely that ethical standards have risen. This paper considers the role that the criminal law can play in financial services regulation and how in the US it can be melded with other strategies such as deferred prosecution agreements.

Keywords: financial scandals, regulation, criminal law

JEL Classification: G18, K14, K42

Suggested Citation

Gilligan, George, Policing the Markets: Structures and Policies (May 16, 1999). Journal of Financial Crime, Vol. 6, No. 4, pp. 362-366, 1999. Available at SSRN: https://ssrn.com/abstract=2213183

George Gilligan (Contact Author)

University of Melbourne - Centre for Corporate Law and Securities Regulation ( email )

185 Pelham Street, Carlton, Building 106
Victoria 3010
Australia
+61 3 8344 1079 (Phone)

HOME PAGE: http://www.law-cclsr@unimelb.edu.au

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