Senate Inquiry tomorrow: Should bank executives go to jail when their banks perpetuate white-collar crimes?
Greens Treasury spokesperson, Senator Peter Whish-Wilson, will be attending the white-collar crime Senate Inquiry hearing tomorrow in Melbourne [information below] and will be asking criminologists and regulators, “How tough do we have to make penalties to help stop endemic financial misconduct in Australia’s financial system?”
Senator Whish-Wilson said, “In Iceland, they held the bank Chairmen and CEOs responsible for the fraud and market manipulation that was carried out in their name by the bank staff, during the global financial crisis; and they were sent to jail.