Competition Law and Financial Crime: A Comparative Analysis of International Responses to Market Manipulation

Author: Diana Johnson

ISBN13: 9781032540313
Published: February 2025
Publisher: Routledge
Country of Publication: UK
Format: Hardback

Description:

Financial crime is a significant drain on economies across the world. This book looks at one aspect of financial crime — benchmark interest rate manipulation by competing banks — with the aim of identifying the best approach for the United Kingdom to take to the enforcement of laws against future benchmark manipulation.

This monograph investigates the UK's approach to enforcing action against the benchmark manipulation in the LIBOR and Foreign Exchange scandals, comparing it with the approaches taken in the European Union and the United States. It fills an important gap in the literature by comparing and evaluating the laws and enforcement policies pertaining to the use of competition law in counteracting benchmark manipulation in the UK, EU and US, arguing that competition law is an effective enforcement tool in the financial services sector.

Contents: 1. Introduction. 2. Background to the LIBOR and FX Benchmark Manipulation Crisis. 3. UK Competition Law and Financial Crime. 4. EU Competition Law and Financial Crime. 5. US Competition Law and Financial Crime. 6. UK, EU and US Comparison. 7. Conclusion and Recommendations.

About the Author: Diana Johnson is Solicitor and Senior Lecturer in Law at the University of the West of England, Bristol, researching financial crime and competition law.

Keywords: Financial Crime, Competition Law, Benchmark Manipulation, LIBOR Scandal, FX Manipulation, Banking Regulation, Comparative Law, Criminal Justice

Target Audience: Financial Lawyers, Regulatory Compliance Officers, Academic Researchers, Policy Makers, Law Students, Banking Professionals

Genre: Law, Business, Finance, Criminology, Political Science

Where can I buy Competition Law and Financial Crime?

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Q&A

Q: What does this book compare?
A: How the UK, EU and US use competition law to counteract benchmark interest rate manipulation, drawing on the LIBOR and FX scandals.

Q: Who is this book for?
A: Financial lawyers, regulatory compliance officers, academic researchers, and policymakers.

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