A What ethical issues are involved in Libor scandal case b W

A) What ethical issues are involved in Libor scandal case?

b) Who are the stakeholders in this case?

c) What responsibilities did the senior executives at Barclays have to prevent fraud in circumstances that, in timothy Geithner’s words created not just only the incentive to underreport, but also the opportunity to underreport?

d) If libor scandal ide spread as ongoing investigations suggest, are there ethical issues involved in this case that are different from those that would be involved if only Barclays was guilty. What are they?

e) What is responsible for the ethical integrity of such institutional practices as the Libor? Is anyone at fault for this fraud other than the individuals involved in reporting false information?

A) What ethical issues are involved in Libor scandal case?

b) Who are the stakeholders in this case?

e) What is responsible for the ethical integrity of such institutional practices as the Libor? Is anyone at fault for this fraud other than the individuals involved in reporting false information?

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a) What ethical issues are involved in Libor scandal case?

1)Under reporting income

2)Falsifying documents

3)Engaging frauds

4)Creative accounting

5)Market Manipulation

6)Integrity of Capital Markets

----------------------------------------------------------------------------------------------------------------------------------------------------------------------b) Who are the stakeholders in this case?

Stake holders in this case :

1 ) Barclays Employee

2) Barclays Customer

3) Barclays Vendors

4) Barclays Shareholders

5) London Bank

etc

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Responsibilities from senior executives :

1 ) Follow all the regulations designed by Security Exchange board

2)Process should be transparent

3)Process should be neatly defined

4) All the documents should be authenticate

5)Decision should be taken all the authenticate documents

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Yes there are some other issues other than Barclays.This fraud can be prevented by their efficient system.

1) Time to time inspection in Barclays for associated operations

2)To check the compliance made by Barclays which is required for financial market

3)Documents & Financial statements of Barclays

etc

That all needs to be changed by proper defined regularity financial framework

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e) What is responsible for the ethical integrity of such institutional practices as the Libor? Is anyone at fault for this fraud other than the individuals involved in reporting false information?

Ethical integrity is very important parameter in financial matters.matters. Because so many stake holders are associated with financial aspects.

Every financial institutions or organizations can follow the below basic ethics of finance.

1 ) Transparent system

2)Authenticate documents

3)Correct financial statements

4)Authenticated information

5)True information to customer/ shareholders

6)All legal compliance