Integrity, Risk and Accountability in Capital Markets

Justin O'Brien is an Australian Research Council Future Fellow, Professor of Law and Director of the Centre for Law, Markets and Regulation, University of New South Wales. George Gilligan is a Senior Research Fellow at the Centre for Law, Markets and Regulation, University of New South Wales.

• Introduction Regulating Culture: Problems and Perspectives Justin O'Brien and George GilliganPart One: Regulating Culture in the Financial Sector – Structural and Historical Dimensions 1: The Culture of Financial Institutions: The Institution of Political Economy David A Westbrook2: 'Bad' Behaviour in International Financial Markets: National and Multilateral Perspectives George Gilligan3: Back to the Future: James M Landis, Regulatory Purpose and the Rationale for Intervention in Capital Markets Justin O'BrienPart Two: Regulating Culture in the Financial Sector – Incentives and Integrity 4: The Regulation of Self-interest in Financial Markets David Campbell and Joan Loughrey5: Sanctions, Incentives and Better Behaved Banks Bob Ferguson6: The Libor Scandal: Culture, Corruption and Collective Action Problems in the Global Banking Sector Seumas MillerPart Three: Regulating Culture in the Financial Sector post-Libor 7: The World's Most Important Number: How a Web of Skewed Incentives, Broken Hierarchies, and Compliance Cultures Conspired to Undermine Libor Eric Talley and Samantha Strimling8: The Future Role and Power of the Bank of England Andrew Campbell and Judith Dahlgreen9: The Sword of Damocles: Deferred Prosecutions and the Search for Accountability Justin O'Brien10: Regulating the Legal Profession: A Prototype for Change Steve Mark and Tahlia GordonPart Four: Regulating Culture in the Financial Sector – Realities and Limitations 11: The Fiduciary Idea in Financial Services Law Pamela F Hanrahan12: Class Actions and Regulating Culture in Financial Organisations: Observations from a Comparison of US and Australian Bank Class Actions Michael Legg13: Corporate Criminal Liability: The Influence of Corporate Culture Olivia DixonConclusion Cultures of Redemptive Finance John Braithwaite

[This book] will provide useful perspectives and insights for regulators, market participants, advisers, scholars and interested observers alike.