It seems likely that the top executives of the major banks involved in the manipulation of the LIBOR rate were unaware of the manipulations, and of the massive profits and losses caused by those manipulations. Why did they think that such manipulations could continue to be undetected, and/or unpunished?
Answer to relevant Questions1. Enron’s directors realized that Enron’s conflict of interests policy would be violated by Fastow’s proposed SPE management and operating arrangements because they proposed alternative oversight measures. What was ...1. Which groups were most at fault for the LIBOR manipulations: brokers, traders, bank executives, bank boards of directors, or regulators? Why?2. Robert Diamond continues to receive his £2 million pension annually. Should ...Is there any categorical imperative that you can think of that would have universal application? Isn’t there an exception to every rule?If a framework for ethical decision making is to be employed, why is it essential to incorporate all four considerations of well-offness, fairness, individual rights and duties, and virtues expected?Give an example of behavior that might be unethical even though ‘‘everyone is doing it’’.
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