Compliance and ethics, a case study of Banco Marka

Murphy, Ana Carolina Cabral

The purpose of this paper is to use the Banco Marka story of bypassing banking regulations by using inside information regarding foreign exchange rates as a compliance case study. The main argument of this paper is on behalf of higher standards of compliance for foreign exchange trading (FX) and banking regulations in Brazil. In conclusion, this paper explains why Emerging Markets, such as Brazil, should consider implementing foreign exchange (FX) regulation following the Singaporean example an the Canadian regulatory framework.

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More About This Work

Academic Units
Institute of Latin American Studies
Institute of Latin American Studies, Columbia University
Institute of Latin American Studies Working Papers
Published Here
March 29, 2011