Global Justice Forum 2013.
Friday, October 11, 2013 09:00 AM EDT
-- 06:00 PM EDT
Jerome Greene Hall
To register, visit http://globaljusticeforum.com.
By Financial Intermediaries: The Case of Subprime Mortgage-Backed
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.
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.
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.
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.