p186 Among the only academic experts to have seriously examined - TopicsExpress



          

p186 Among the only academic experts to have seriously examined offshores role in the [2007 Wall Street] financial crisis is Jim Stewart, senior lecturer in finance at Trinity College, Dublin. In reports in July 2008, Stewart investigated the Dublin International Financial Services Centre (IFSC), a secrecy jurisdiction setup in 1987 under corrupt Irish politician Charles Haughey with help primarily from City of London interests. A showcase for high-risk wild-west financial capitalism, the Dublin IFSC emerged the year after Londons giant deregulatory Big Bang and currently hosts over half the worlds top fifty financial institutions. It became a big player in the shadow banking system, and now hosts 8,000 funds with $1.5 trillion in assets.
Posted on: Sun, 01 Dec 2013 02:06:50 +0000

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