Case

Goldman Sachs and the Malaysian state fund 1MDB

On 22 October 2020 the US securities regulator announced charges for foreign-bribery violations. Illustrates the market failures approach, corruption and regulatory arbitrage.

Industry
Investment banking
Frameworks applied
Market Failures Approach (MFA)
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Frameworks applied

This case is read through the frameworks below.

  • Market Failures Approach (MFA)When reviewing how the firm makes its profits, which strategies should a business owner drop because they rely on market failures rather than fair competition?

Sources

References

Listed A–Z by author surname, Harvard style. A source with a DOI links to https://doi.org/…; one without links to its page or says plainly that it has no DOI.

  1. US Securities and Exchange Commission (2020) SEC charges Goldman Sachs with FCPA violations. sec.gov, press release 2020-265, 22 October 2020.No DOIsec.govSource page