Description
The international financial crisis which began in August 2007 brought into sharp focus the regulation of the financial services industry. However, even before then, the quest to control money-laundering, Executive excesses, terrorist financing and financial crime generally, had resulted in the upsurge of a new regulatory environment worldwide.
In Risky Business, the Contributors, bringing both expertise and experience, present different perspectives on the new regulatory practices and offer guidance on the role of governance in the scheme of regulatory reform. Divided into two parts: International Perspectives and Jamaican Perspectives, the book firstly focuses on the wider global regulatory context, while the second part examines the Jamaican situation and the initiatives taken there primarily through the passage and implementation of the Proceeds of Crime Act (POCA).
While of particular interest to scholars and practitioners of financial regulation, company and commercial law, and comparative law, the easy and accessible presentations of the contributions in Risky Business will also enlighten the general reader interested in the financial services industry anywhere in the world.
About the Author
Shazeeda A. Ali is the Course Director for Legal Aspects of Corporate Misconduct in the LLM programme at the Faculty of Law, University of the West Indies and the author of the book Money Laundering Control in the Caribbean (Kluwer).
Contents
Foreword Professor Stephen Vasciannie
Introduction: Risky Business – Proceed With Caution Dr Shazeeda Ali
PART ONE: INTERNATIONAL PERSPECTIVES
- Corruption-the Sharp End of Governance!
Professor Barry A.K. Rider
- The Evolution of Financial Services Regulation in the UK
Professor Eva Lomnicka
- Financial institutions, government, and “mission creep”: Systemic integrity in the balance
Professor Fletcher Baldwin and Daniel Ryan Koslosky
- Conflicts of Interest in Financial Services: Judicial Development and Regulatory Rules
Dr Chizu Nakajima
- Companies Behaving Badly: Corporate Criminal Liability
Dr Evan Bell
- Erosion of Confidentiality in Offshore Financial Centres
Dr Peter Maynard
PART TWO: JAMAICAN PERSPECTIVES
- Show Me the Money: International and Jamaican Efforts to Suppress Terrorist Financing
Michelle Walker
- Recovering the Loot through Civil Action-Lessons from the Jamaican Financial Sector Crisis
- St. Michael Hylton, Q.C.
- Money Laundering in Jamaica: Risks, Challenges, Response
Dr Shazeeda Ali
- Protecting “the Investing and Usually Naïve Public”: the Securities Act of Jamaica
Justice Bryan Sykes
- Investigating Financial Crimes in Jamaica-a Practical Perspective
Christine Chambers and Alwyn Herriman
- Good Neighbour? Jamaica’s Mutual Legal Assistance Framework
Candice Rochester
