New Models of Corporate Criminality and the Problem of Corporate Fraud: Prevention or Cure?

This, the second article in a series, considers whether extending the "failure to prevent" (FTP) model of corporate criminal liability to the financial services sector is likely to reduce corporate fraud. Examines why the law has been ineffective in combating financial services fraud, including its fragmented approach, why the FTP model is appropriate for addressing economic crime, and how corporate criminal liability might be reformed