Corruption and Fraud in Financial Markets – Malpractice, Misconduct and Manipulation

Identify and stop potential issues before they become finable offences

Corruption and Fraud in Financial Markets offers financial industry professionals with a comprehensive study on malpractice, misconduct and manipulation. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, price manipulation, bribery, false disclosure, volume manipulation, spoofing, options backdating and more, as well as improper execution, improper broker–agency relationships and other conflicts that reside at one end of the sliding scale of normal operations. 

Financial market misconduct and fraud affects about 15 percent of publicly listed companies each year, and the resulting fines can amount to 20–38 percent of the company s value. Clearly punitive, these massive fines can blow through an organisation s budget and initiate a tailspin from which it may never recover. This book gives you a deeper understanding of misconduct to help you from falling victim to unethical practices.

Learn about the different types of financial misconduct and where they may be hiding in your organisation
Identify improper relationships and conflicts of interest before they become a problem
Understand the regulations surrounding misconduct, and how they affect your firm
Prevent budget–breaking fines and other potentially catastrophic consequences

Since the LIBOR scandal, many major banks have been fined billions of dollars for manipulation of prices, exchange rates and interest rates. Headline cases aside, misconduct and fraud is actually quite prevalent in a large number of firms; it can exist in a wide variety of forms, with practices in multiple departments, making self–governance complex. Corruption and Fraud in Financial Markets is a comprehensive guide to identifying and stopping potential problems before they reach the level of finable misconduct.