The Financial Crisis: The Role Of Law And Regulation
Speech by Lord Justice Thomas
05/03/2009
“What I wish to do is to examine the role of law and regulation in two particular aspects in relation to the financial crisis to which, in my view, insufficient attention has been given. First the need for law and regulation to operate as a consistent whole in the underpinning of the financial markets and, where fraud or malpractice occurs, the role law and regulation should play in making those responsible bear an actual responsibility for what they do - accountability.”