The Sumitomo Scandal: Another Embarrassment for UK Regulatory Authorities?

Abstract

The world financial market is facing another blow. Sumitomo, one of Japan's most conservatively managed companies and the world's largest copper trader, admitted it had lost an estimated $1.8bn (£1.2bn) in unauthorised copper dealings over the past ten years.

Citation

Nasi, I. (1996), "The Sumitomo Scandal: Another Embarrassment for UK Regulatory Authorities?", Journal of Financial Crime, Vol. 4 No. 2, pp. 182-184. https://doi.org/10.1108/eb025775