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Download full textBelmont, David – Commonfund Institute, 2012
The recent flow of headlines excoriating bankers and financiers for malfeasance, fraud, and collusion has been almost biblical in proportion. Counterparties that appeared creditworthy based on financial statements and ratings have revealed that they are impaired either due to computer errors, control failures, malfeasance, or potential regulatory…
Descriptors: Banking, Finance Occupations, Financial Problems, Deception
