The Origins of Modern Financial Crime : Visible Lessons from Invisible Crimes ebook TXT, EPUB
9780415627634 041562763X The current global financial crisis has focused much attention on banking, and specifically upon rethinking core elements of its regulation and conduct of individuals which occurred during the crisis which could be regarded as criminal. In Britain however, there is a longstanding favour for the criminal law to act as a tool for delineating the outer limits of acceptable conduct within business activity. Indeed, this is reflected in a tradition dating back as much as 150 years prior to the current 'crisis'. As far back as the middle years of the nineteenth century the criminal law was being used explicitly to promote appropriate co-existences between risk-taking and responsibility within what was then emerging modern 'business culture'. This book offers an extensive study of fraud trials from the nineteenth century, examines the social processes that informed this and shows how the way that financial crime impacted upon Victorian society is essential for gaining true appreciation of the "fight against fraud" in twenty-first century Britain., The current global financial crisis has focused much attention on the conduct, and indeed misconduc t of those who operate within financial systems, and the importance of putting in place regulation which is capable of preventing future 'shocks' through promoting so called 'systemic' stability. From the earliest stages of the crisis, much of the spotlight on future approaches to financial sector regulation has become fixed on institutions and individuals involved in banking activity. This was sometime ahead of the latest raft of scandals, most centrally the exposure of LIBOR fixing, which has ensured that discussions about responding to banker misconduct using criminal enforcement are now at centre-stage. This book offers an extensive study of fraud trials from the nineteenth century, examines the social processes that informed this and shows how the way that financial crime impacted upon Victorian society is essential for gaining true appreciation of the "fight against fraud" in twenty-first century Britain., The recent global financial crisis has been characterised as a turning point in the way we respond to financial crime. Focusing on this change and crime in the commercial sphere, this text considers the legal and economic dimensions of financial crime and its significance in societal consciousness in twenty-first century Britain. Considering how strongly criminal enforcement specifically features in identifying the post-crisis years as a turning point, it argues that nineteenth-century encounters with financial crime were transformative for contemporary British societal perceptions of crime and its perpetrators, and have lasting resonance for legal responses and societal reactions today. The analysis in this text focuses primarily on how Victorian society perceived and responded to crime and its perpetrators, with its reactions to financial crime specifically couched within this. It is proposed that examining "how" financial misconduct became recognised "as "crime during Victorian times makes this an important contribution to nineteenth-century history. Beyond this, the analysis underlines that a historical perspective is essential for comprehending current issues raised by the fight against financial crime, represented and analysed in law and criminology as matters of enormous intellectual and practical significance, even helping to illuminate the benefits and potential pitfalls which can be encountered in current moves for extending the reach of criminal liability for financial misconduct. Sarah Wilson s text on this highly topical issue will be essential reading for criminologists, legal scholars and historians alike. It will also be of great interest to the general reader."
9780415627634 041562763X The current global financial crisis has focused much attention on banking, and specifically upon rethinking core elements of its regulation and conduct of individuals which occurred during the crisis which could be regarded as criminal. In Britain however, there is a longstanding favour for the criminal law to act as a tool for delineating the outer limits of acceptable conduct within business activity. Indeed, this is reflected in a tradition dating back as much as 150 years prior to the current 'crisis'. As far back as the middle years of the nineteenth century the criminal law was being used explicitly to promote appropriate co-existences between risk-taking and responsibility within what was then emerging modern 'business culture'. This book offers an extensive study of fraud trials from the nineteenth century, examines the social processes that informed this and shows how the way that financial crime impacted upon Victorian society is essential for gaining true appreciation of the "fight against fraud" in twenty-first century Britain., The current global financial crisis has focused much attention on the conduct, and indeed misconduc t of those who operate within financial systems, and the importance of putting in place regulation which is capable of preventing future 'shocks' through promoting so called 'systemic' stability. From the earliest stages of the crisis, much of the spotlight on future approaches to financial sector regulation has become fixed on institutions and individuals involved in banking activity. This was sometime ahead of the latest raft of scandals, most centrally the exposure of LIBOR fixing, which has ensured that discussions about responding to banker misconduct using criminal enforcement are now at centre-stage. This book offers an extensive study of fraud trials from the nineteenth century, examines the social processes that informed this and shows how the way that financial crime impacted upon Victorian society is essential for gaining true appreciation of the "fight against fraud" in twenty-first century Britain., The recent global financial crisis has been characterised as a turning point in the way we respond to financial crime. Focusing on this change and crime in the commercial sphere, this text considers the legal and economic dimensions of financial crime and its significance in societal consciousness in twenty-first century Britain. Considering how strongly criminal enforcement specifically features in identifying the post-crisis years as a turning point, it argues that nineteenth-century encounters with financial crime were transformative for contemporary British societal perceptions of crime and its perpetrators, and have lasting resonance for legal responses and societal reactions today. The analysis in this text focuses primarily on how Victorian society perceived and responded to crime and its perpetrators, with its reactions to financial crime specifically couched within this. It is proposed that examining "how" financial misconduct became recognised "as "crime during Victorian times makes this an important contribution to nineteenth-century history. Beyond this, the analysis underlines that a historical perspective is essential for comprehending current issues raised by the fight against financial crime, represented and analysed in law and criminology as matters of enormous intellectual and practical significance, even helping to illuminate the benefits and potential pitfalls which can be encountered in current moves for extending the reach of criminal liability for financial misconduct. Sarah Wilson s text on this highly topical issue will be essential reading for criminologists, legal scholars and historians alike. It will also be of great interest to the general reader."