Today Week Month

Global Justice Forum 2013.

Start/End Friday, October 11, 2013 09:00 AM EDT -- 06:00 PM EDT
Location Name Jerome Greene Hall

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Panel 1: Misrepresentation By Financial Intermediaries: The Case of Subprime Mortgage-Backed Securities
Recent research has documented widespread misrepresentation by originators about the attributes of mortgages they sold to investors, with incorrect reporting to investors occurring for at least 10% of mortgages in private label securitization and accounting for about $160 billion of originations.  The panel will discuss the evidence and why financial settlements and legal judgments related to such misrepresentation have been so small relative to the extent of losses by investors and taxpayers.

Panel 2: Private Indices in the Public Services: The Case of LIBOR
"Libor" is often described as the most important number in the world, because changes in Libor affect interest rates in by trillions of dollars of wholesale and retail financial products.  We learned that Libor was manipulated by traders in the rate-setting banks both to dress up the banks' financial strength as the financial crisis was unraveling and to boost trading profits even before. The panel will explore both the tangle of difficult litigation as various parties try to figure out whether they suffered injured and if so, how to obtain relief and the policy questions entailed by widespread reliance on an index generated by private, self-interested parties despite the obvious public importance of accuracy and reliability.

Panel 3: Protecting Workplace Standards in the Global Supply Chain
This panel will explore the challenges in monitoring labor standards in transnational chains of production and distribution.  Panelists will discuss the range of public enforcement mechanisms in domestic law and through international treaties and organizations, and the emergence of private multi-stakeholder systems.  One timely focus will be the recent public sanctions and private accords to safeguard building and safety standards in Bangladeshi export factories.

Panel 4: Prosecuting Cross Border Cyber Crime
The panel on Prosecuting Cross Border Cyber Crime will discuss the difficulties of discovering today’s cyber crimes, the motivations of today's cyber criminals, the problems identifying those committing these crimes, as well as problems associated with getting jurisdiction over and ultimately prosecuting perpetrators. The panel will also discuss what changes in laws are needed to arm police and prosecutors with more legal tools to get at these crimes and deter this kind of crime.