Document Type
Article
Publication Date
Summer 8-1-2022
Publication Citation
29 Indiana J. Global Legal Studies 27 (2022)
Abstract
Why have no Wall Street executives been prosecuted or convicted for actions that contributed to the global financial crisis? Scholars have documented a variety of legal, bureaucratic, economic, and political reasons for a lack of prosecutions, but one missing piece from this scholarship is a comparative perspective; other countries similar also experienced the effects of the crisis but convicted more financial executives than did the US. This article examines the financial crises and post-crisis responses in Ireland and Spain to see why they put more bankers in jail. The comparative analysis highlights several legal, economic, and political variables that partially explain the different approaches to criminal accountability and provides the necessary comparative context to evaluate reasons offered for a lack of criminal accountability in the US.
Recommended Citation
Rex, Justin and Panas, Adam
(2022)
"Prosecuting White-Collar Financial Crime: The Contrasting Cases of the US, Spain, and Ireland in the Aftermath of the 2008 Global Financial Crisis,"
Indiana Journal of Global Legal Studies: Vol. 29:
Iss.
2, Article 2.
Available at:
https://www.repository.law.indiana.edu/ijgls/vol29/iss2/2
Included in
Banking and Finance Law Commons, Comparative and Foreign Law Commons, Law and Economics Commons