Someone Else's Problem: A Case Study in Regulatory Failure

Research output: Contribution to conferenceAbstract


There are always people who are willing to gamble with other peoples money for personal and ownership of an insurance company provides a wonderful opportunity to do so. Theoretically, there should be safeguards in place to prevent this: legislative restrictions, solvency requirements, regulatory oversight, accounting and actuarial standards, rating agencies, etc. This paper looks at one case study where these safeguards were spectacularly ineffective.
Original languageEnglish
Publication statusPublished - 2008
EventInnovation in Financial Markets - Melbourne
Duration: 19 May 200820 May 2008


ConferenceInnovation in Financial Markets


  • Regulatory Failure: Guarantee Security Life Insurance Company
  • Junk bonds
  • Milken
  • Reinsurance
  • Control Fraud


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