Overview
- Incorporates insiders’ accounts of enforcing financial services regulation and scholarly analysis
- Examines individual accountability frameworks in multiple jurisdictions
- Locates frameworks in the broader sociological and regulatory contexts arising from the Global Financial Crash
Part of the book series: Palgrave Socio-Legal Studies (PSLS)
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Table of contents (7 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This book is a critical examination of recently introduced individual accountability regimes that apply to the financial services industry in the UK (SMCR) and Australia (BEAR and the forthcoming FAR), together with a forthcoming new individual accountability regime ( in particular, SEAR) in Ireland. It provides a framework for analysing whether these regimes will achieve behavioural change in the financial services industry. This book argues that, whilst sanctioning individuals to deter future misconduct is an important part of any successful regulatory strategy, the focus should be on ensuring that individuals in the financial services industry internalise the norms of behaviour expected under the new regimes. In this regard, the analysis in this book is informed by criminological theory, regulatory theory and behavioural science. The work also argues for a “trajectory towards professionalisation” of financial services, and banking in particular, as an important means of positively influencing industry-wide norms of behaviour, which have a key influence on firms’ and individuals’ behaviours.
Authors and Affiliations
About the authors
Ciaran Walker is Consultant in the Financial Services Regulation & Governance group at the Dublin office of the global law firm Eversheds Sutherland, Ireland. He also lectures and has published in leading international journals in his fields. Prior to joining Eversheds Sutherland, he was Deputy Head of Enforcement at the Central Bank of Ireland.
Bibliographic Information
Book Title: New Accountability in Financial Services
Book Subtitle: Changing Individual Behaviour and Culture
Authors: Joe McGrath, Ciaran Walker
Series Title: Palgrave Socio-Legal Studies
DOI: https://doi.org/10.1007/978-3-030-88715-5
Publisher: Palgrave Macmillan Cham
eBook Packages: Law and Criminology, Law and Criminology (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-88714-8Published: 18 December 2021
Softcover ISBN: 978-3-030-88717-9Published: 19 December 2022
eBook ISBN: 978-3-030-88715-5Published: 01 January 2022
Series ISSN: 2947-9274
Series E-ISSN: 2947-9282
Edition Number: 1
Number of Pages: XIII, 222
Number of Illustrations: 1 b/w illustrations, 1 illustrations in colour
Topics: Socio-legal Studies, White Collar Crime, Crime Control and Security, Financial Services, Criminal Law and Criminal Procedure Law, Criminal Behavior