Top 10 op risks 2015: long-duration scandals

Slow-moving investigations mean misdeeds will linger on

Although the Libor-rigging scandal featured in last year's Top 10 risks list, it has been running for longer than that. The scandal truly broke in July 2012 when the first fines were imposed, but investigations show the malpractice dates back to 2005. In addition, the investigation into attempts to rig benchmark foreign exchange rates, the first findings of which were revealed in late 2014, covers malpractice going back to at least 2008.

Central to the problem of financial crime has always been

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