Explaining Financial Scandals; Corporate Governance, Structured Finance - 2012

Page 327

INDEX

1 1929 Great Crash, 60 1986 big bang, 206 2 2007-08 global crisis, 2, 131 2007-08 global meltdown, 223 A Aberdeen Railway Co v. Blaikie Brothers (1854), 80 ABN Amro, 140 abolition of legal restraints in key areas of financial markets, 205 abolition of national controls over cross-border capital flows, 252 abuse of capital market finance, 55, 280 abuses of stock market finance, 246 accountability, 255 accounting dumps, 187 accounting manipulations, 164 accounting problems, 171 action for misfeasance, 84 Adelphia, 169 Adelphia Communication, 164 agency costs, 27, 28, 29, 30, 31, 32, 36 Agency costs, 27 agency issues, 4, 28, 29, 32, 240 agency problem, 9, 22, 26, 27, 30, 31, 76, 88, 92, 94, 166, 184 AIG, 265 Alan Greenspan, 125, 141, 204, 265, 294 Alberto Ferraris, 188 allocation of corporate resources, 26, 36

alternative investment schemes, 223 alternative regulatory patterns, 253 amending Regulation 2011, 152 Amendments to Rules for Nationally Recognized Statistical Rating Organizations, 157 American accounting rules, 177 AMF, 262, 266 Ancillary services, 145 Andrew Fastow, 172, 180 Anglo-American corporate law, 279 Anglo-American economies, 232, 254 Anglo-Irish Bank, 250 anything to make the deal ethos, 218 archipelagos of corporate entities, 230 architecture of the global financial system, 204 arm’s length contracting, 92 arm’s length relationship between state and agencies, 256 arm’s length relationship between state and regulatory body, 262 Arneson v. Arneson, 150 Arthur Andersen, 176, 177, 192 ASIC v. Healey (2011), 83 ASIC v. Rich [2003], 83 asset pool composition, 275 asset-backed securities, 113 assignment of receivable, 110 assumptions of rational market actors, 203 assumptions of strong economic forces, 203 asymmetric information, 27, 64, 76 audit, 245 audit committee, 172 audit on financial activities, 276 audit tax, 271


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