Decades of Scandal: Ethics, Regulation, and Governance

Delve into the intriguing history of financial regulation and governance in "Decades of Scandal: Ethics, Regulation, and Governance."

This course provides a comprehensive examination of how the financial landscape has evolved from the Roaring 20s to the present day. Explore pivotal moments, significant policy shifts, and ethical considerations that have played a crucial role in shaping the world of finance.

• Trace the evolution of regulation from the Roaring Twenties and 1930s reforms (Securities Acts, FDIC, Glass-Steagall) through periods of stability and deregulation.
• Analyze major crises including the Savings & Loan collapse, the Asian Financial Crisis, Long-Term Capital Management, the Dot Com Bubble, and the Enron era accounting and auditing scandals.
• Investigate the 2008 Financial Crisis, its roots in mortgage-backed securities, and the subsequent bailouts and massive regulatory fines.
• Review post-crisis misconduct, such as LIBOR and foreign exchange rate manipulation, and widespread failures in financial crime compliance (AML, Sanctions, Tax Evasion) highlighted by cases like HSBC, UBS, and Danske Bank.

Through this journey, identify the essential elements of regulatory enforcement actions and discuss the critical ethical considerations relevant to professionals navigating these complex environments. This course highlights persistent governance, risk management, and compliance failures and prompts reflection on future challenges and ethical responsibilities.