Autor(es): Ferreira, Ana Rita Cruz Matos
Data: 2025
Identificador Persistente: http://hdl.handle.net/10362/187400
Origem: Repositório Institucional da UNL
Assunto(s): Libor; Fraud triangle; 3LoD; 4LoD; 5LoD; Financial fraud; Risk management; Banking; Financial conduct; Case studies; Domínio/Área Científica::Ciências Sociais::Economia e Gestão
The Libor Scandal proved how institutions failed to deter undesirable behaviours and regulators didn’t enforce them to be compliant when the incentives allowed institutions to be self serving. Through the fraud triangle, it is possible to observe the conditions that made such a widespread network possible. Additionally, the three lines of defence model and its expansions bring a perspective on how to manage these situations even if their application is flawed in some respects.
