Tag Archives | banks

The financial sector: a culture of transparency?

10 July 2012 in Accountability, Financial Markets, Private sector

The recent global financial crisis highlighted the need to broaden the discussion about regulation and oversight of the financial system. Transparency and related risk assessments of financial institutions have surged to the top of the agenda. In our study on transparency and disclosure of measures for reducing corruption risk among the world’s largest companies published […]

Read full story Comments { 8 }

Fail Again. Fail Better: Reform of the EU Banking Sector.

27 June 2012 in Europe and Central Asia, European Union, Financial Markets, Private sector

Samuel Beckett’s exhortation to “fail better” could also be applied to the EU banking sector. Time and time again, troubled financial institutions have been bailed out by the taxpayer because they have been perceived as “too important to fail”. The ability of a large number of banks to benefit from excessive risk-taking without fully absorbing […]

Read full story Comments { 4 }

Cleaning up finance: when corporate governance turns bad

5 September 2011 in Europe and Central Asia, Financial Markets, Private sector

If anyone questioned the European Commission’s current concern with corporate governance in financial institutions, last Friday’s bombshell that 17 international financial groups – including such household names as Goldman Sachs, Deutsche Bank and Royal Bank of Scotland – are to be sued by the US government for offences ranging from misrepresentation to fraud and aiding […]

Read full story Comments { 1 }

Looking to a new Libya

31 August 2011 in Accountability, Africa and Middle East, G20, Oil and gas, People power, Politics and government, Private sector

As Transparency International asks the G20 Anti-Corruption Working Group to prioritise anti-bribery laws, asset recovery and money laundering ahead of the Cannes G20 Summit, Transparency International’s Group Director for Research & Knowledge Robin Hodess reflects on relevance of the disastrous and destabilising impacts the failure to address corruption has had in Arab Spring countries such […]

Read full story Comments { 7 }

Should banks profit from dictators’ money?

24 August 2011 in Africa and Middle East, Anti-corruption Conventions, Politics and government, Private sector

As Libya prepares for the future, what are financial centres doing to stop the flow of stolen assets from dictators? The following is adapted from a speech made by Transparency International’s vice-chair, Akere Muna, at the UN public service forum in Dar es Salaam, United Republic of Tanzania.   If corruption, especially money laundering and […]

Read full story Comments { 4 }
Newer posts →