Commissioner responsible for the functioning of the EU’s internal market – has pledged to improve the representation of civil society groups in these meetingsto avoid the perceived stranglehold that the banking industry had on the European regulators in the run-up to 2008’s financial meltdown. On the evidence of the meeting I attended this week (Monday […]
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No impunity for corrupt dictators
Angela McClellan, Senior Programme Coordinator in TI’s Global Outreach and Campaigns department, coordinates Transparency International’s advocacy work on issues relating to the Group of 20 leading economies. This week the G20 finance ministers are meeting in Paris. She helped organise sending a letter signed by 78 civil society organisations to the G20 finance ministers demanding […]
Don’t miss the boat on financial reforms
Angela McClellan has worked on G20 issues at Transparency International (TI) for the past two years. She looks forward to this weekend’s meeting in Toronto. When the financial crisis struck hard in 2008, the Group of 20 nations went into high gear to facilitate bail-out packages for banks and companies. Governments coughed up unprecedented sums […]
Asset recovery in the dock
This week senior members of the Stolen Asset Recovery (StAR) initiative, a joint programme of the World Bank and United Nations Office on Drugs and Crime meet in Paris to step up efforts to find and repatriate stolen assets. Here, Daniel Lebègue, president of TI France, explains what his organisation is doing on this issue. […]
What is a ‘conflict of interest’?
The financial crisis is awash in so many specialised terms that their sheer number seems to rival the amount of bail-out money being doled out to shore up the faltering economy. One word that is constantly being bounced around, from the Bundestag to the White House, from Wall Street to High Street, is ‘conflict of […]
Urging G8 to be accountable to their commitments at the upcoming Summit in L’Aquila, Italy
In their 2008 Accountability Report: Implementation Review of G8 Anti-Corruption Commitments, the G8 noted that corruption is a “corrosive activity” which “poses serious governance challenges and threats to the stability and security of societies, undermines the institutions and values of democracy and jeopardises sustainable development and economic prosperity. Global corruption also impedes efforts to combat […]
Transparency in Financial Markets
Just a quick note as the G-20 London Summit nears and talk of transparency as a remedy for the current instability and lack of trust wrecking the financial system, is everywhere. The Economist did a focus story on this issue looking at the pros and cons of transparency in February. I wanted to share with […]
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