Tag Archives | Financial Markets

Whistleblowers: regulators of last resort

Over the past half-century, national governments have developed complex regulatory structures to oversee public health, banking, utilities, food safety, communications, transportation and other industries. By the 1980s, however, the United States and United Kingdom began pushing the policy pendulum in the other direction – deregulating industries sector by sector. Through international organisations, governments around the […]

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Integrity Default Alert: EU probes collusion in banking sector

Reposted from the blog of Transparency International’s EU liaison office in Brussels. Corruption thrives in the dark, dank corners where no-one is looking, and banking is no exception. Who had heard of the LIBOR benchmark until the rate-rigging scandal erupted early last year? Now it is a byword for bad behaviour in banks. This week, […]

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One Thing We Learned from the U.S. Senate’s Too Big To Jail Hearing

Reposted from the blog of the Task Force on Financial Integrity & Economic Development Last week, the U.S. Senate Banking Committee held a hearing titled, “Patterns of Abuse: Assessing Bank Secrecy Act Compliance and Enforcement.” The committee called three regulators to testify: David Cohen, Under Secretary for Terrorism and Financial Intelligence, United States Department of the […]

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Corruption and the world in 2011

The following is adapted from the opening speech by Transparency International chair Huguette Labelle, at the anti-corruption movement’s annual meeting that brings together activists from over 100 countries around the world. The full speech is available here This has been a year of many anti-corruption landmarks and breakthroughs. People are waking up to corruption in […]

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Uyuni salt lake, Bolivia

Financial transparency and climate finance

Robin Hodess, Knowledge & Research Director at Transparency International, draws the dots between financial transparency and climate change This year’s Transparency International Global Corruption Report, launched this week in Dhaka, Bangladesh, tackles corruption and climate change. The message? Without better governance, climate change measures could go awry. The risk is corruption. The result could be […]

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Licence to kill: banking experts discuss EU crisis management proposals

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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2009 Global Corruption Report: Corruption and the Private Sector

When asked what she wanted to be when she grew up, a 6-year old girl said she wanted to be a corrupt official, because they have so many things. After recovering from the shock of the little girl’s answer, the next question that arises is: how is it that these officials can accumulate so many […]

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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 […]

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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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