Pierre Verdier Discusses His Book, ‘Global Banks on Trial’

UVA Law professor Pierre Verdier discusses his forthcoming book "Global Banks on Trial: U.S. Prosecutions and the Remaking of International Finance." He argues that the effectiveness of prosecutions of international banks should not be judged solely based on financial penalties and convictions of high-level executives. According to Verdier, effective prosecutions of these banks can also force compliance with American law and sanctions in furtherance of U.S. foreign policy.