Martin Berkeley of the founder of Corvinus Capital, recently authored a paper entitled ‘The Banker’s duties in the UK and EU regulatory framework: an analysis of the accountability regime’
The paper examines the utility and effectiveness of enforcing banker’s duties. In the aftermath of the Global Financial Crisis there has been increased desire by both the public and regulators to make bankers more accountable for their actions. New legislation and regulations have been introduced to address what is essentially and old problem – making bankers responsible for their alleged misdemeanours. Despite the reassurances of regulators and legislators, this paper argues that the effectiveness of sanctions is doubtful and the claims that ‘this time it is different and ‘something will change’ are unlikely to be correct.
A full copy of the paper can be found in the Law and Economics Yearly Review, Vol 6, Part2, 2017, pp.303-320. ISSN 2050-9014 or by following the link below:
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