El caos de las sanciones de los reguladores financieros

WASHINGTON – Cuando un atleta rompe las reglas, es fácil descifrar si el organismo disciplinario pertinente realmente quiere desalentar que se repitan las transgresiones. Suspender a un jugador del deporte -como sucede en el fútbol en caso de infracciones peligrosas- es un castigo real, no sólo para el individuo sino también para el equipo.

Consideremos el caso de Michael Clarke, el capitán del equipo australiano de cricket, que hace poco amenazó con lesionar físicamente a un jugador contrario. A pesar de los pedidos de disculpas públicos, Cricket Australia (el organismo gobernante) sólo impuso una multa pequeña (es decir, pequeña en relación al salario anual de Clarke). Más allá de si esto fue apropiado o no, Cricket Australia estaba dejando en claro que este tipo de comportamiento solamente merecía un castigo simbólico.

El reciente acuerdo por 13.000 millones de dólares entre el Departamento de Justicia de Estados Unidos y JPMorgan Chase (JPM), uno de los bancos internacionales más grandes del mundo, debería verse de la misma manera. Para quienes no estén familiarizados, la multa parece importante (lo que explica todos los titulares llamativos de la prensa) y ciertamente logró que los reguladores financieros norteamericanos parecieran ocupados y serios. Pero, al igual que Cricket Australia, el mensaje es claro: las cosas seguirán como siempre.

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/emUhppq/es;
  1. China corruption Isaac Lawrence/Getty Images

    The Next Battle in China’s War on Corruption

    • Chinese President Xi Jinping knows well the threat that corruption poses to the authority of the Communist Party of China and the state it controls. 
    • But moving beyond Xi's anti-corruption purge to build robust and lasting anti-graft institutions will not be easy, owing to enduring opportunities for bureaucratic capture.
  2. Italy unemployed demonstration SalvatoreEsposito/Barcroftimages / Barcroft Media via Getty Images

    Putting Europe’s Long-Term Unemployed Back to Work

    Across the European Union, millions of people who are willing and able to work have been unemployed for a year or longer, at great cost to social cohesion and political stability. If the EU is serious about stopping the rise of populism, it will need to do more to ensure that labor markets are working for everyone.

  3. Latin America market Federico Parra/Getty Images

    A Belt and Road for the Americas?

    In a time of global uncertainty, a vision of “made in the Americas” prosperity provides a unifying agenda for the continent. If implemented, the US could reassert its historical leadership among a group of countries that share its fundamental values, as well as an interest in inclusive economic growth and rising living standards.

  4. Startup office Mladlen Antonov/Getty Images

    How Best to Promote Research and Development

    Clearly, there is something appealing about a start-up-based innovation strategy: it feels democratic, accessible, and so California. But it is definitely not the only way to boost research and development, or even the main way, and it is certainly not the way most major innovations in the US came about during the twentieth century.

  5. Trump Trade speech Bill Pugliano/Getty Images .

    Preparing for the Trump Trade Wars

    In the first 11 months of his presidency, Donald Trump has failed to back up his words – or tweets – with action on a variety of fronts. But the rest of the world's governments, and particularly those in Asia and Europe, would be mistaken to assume that he won't follow through on his promised "America First" trade agenda.