Financial crime after the crisis: the case of the UK

• In Event: White-Collar Crime at 75: Industries and Case Studies

Abstract

The financial crisis of 2008 saw British institutions and corporations under the spotlight. The bail out restored some trust in financial markets, although many critics described it as 'socialism for the rich'. After arguing that the bail out was and continues to be a form of reverse Keynesianisim, the paper discusses the new regulations introduced in the financial domain in the UK and their effectiveness.

Author

• Vincenzo Ruggiero, Middlesex University