Accounting professor Sue Ravenscroft (Iowa State) is chair of the Public Interest Section of the American Accounting Association (of accounting professors). She sent out this announcement yesterday.
Have you been following the news about the Libor rate manipulation scandal? The one that recently led to the pressured resignation of the CEO of Barclay’s Bank?
Providence College Professor Mike Kraten began investigating allegations of Libor rate manipulation four years ago with colleagues from NYU, Moody’s, and UConn, and has continued his forensic research work since then.
He discussed his work at the 2010 Midyear Meeting of the Public Interest Section, and published his study in the Journal of Banking and Finance early this year. After his work was cited on the floor of the British House of Commons during a floor debate on global banking regulations, the British press (and its American counterparts) recognized Mike and his co-authors’ study as a major influence on current efforts to investigate the causes of the scandal and to reform the system.
Click Here to read a recent editorial by City AM, a news publication that covers London’s financial district.
Click Here to read an article that initially appeared in the Financial Times of London and that now appears on the CNBC web site under a content sharing arrangement.
And Click Here to read an article that initially appeared in the Economist and now appears on the CFO Magazine web site under a content sharing arrangement.
Congratulations to Mike and his colleagues.
Debit and credit – – David Albrecht