The formidable tradition of British investment banking was shaken to the core of the sector when transgressions leading to the global financial crisis of 2008 were revealed to the public. The poor monitoring practices surrounding the hostile takeover of major holdings at that time, reflects the results to uneven financial sector regulation. If the sovereign decision making of big banks and large financial institutions, it was suggested, was partly to blame, the investigation into the causes of financial market default point to a far more elusive culprit – omission of an obligation to accountability within the law itself.
While the United States responded to the crisis with reform of the country’s Securities and Exchange Commission rules to trade, rogue traders in Britain were still gambling billions in-house at the London branch of the European bank, UBS. It was only the marked decline in investor confidence that promulgated an official investigation of the institutional offenses commissioned by big bank employees, suggests the film.
Focused on the global financial system and ongoing debate over broker ethics and institutional independence, the review documentary offers insight into the risks of inadequate regulatory oversight of the securities trades conducted by major financial institutions. The film includes Interviews with industry insiders, providing critical information about the persistence of problems at the institutional level that have the potential to once again affect the global financial markets.
Going Rogue: Big Banks, Murky Finance, and Reckless Trading
- ISBN 978-1-61753-544-4
- Run Time (26 Minutes)
- Copyright 2011
- Closed Captioned (CC)