International News - Jan 21
Jan 21 (Reuters) - The following are comments by European Central Bank President Jean-Claude Trichet during his testimony on Wednesday at an economic committee of the European Parliament. 'We are talking about tax havens that don't respect financial transparency, don't meet rules, don't allow us to tackle the proceeds of crime, terrorism.' 'We are in favour of strengthening the application of global rules.'
Jan 21 (FT Buiter blog) - The same version of the ‘Dutch disease’ - the crowding out of the non-financial internationally exposed sectors (exporting and import-competing) by the excessive growth of the financial sector and the construction industry - occurred in both countries, again to a greater extent in Iceland than in the UK, but to an highly undesirable extent even in the UK.
Bankers accused in crisis could face trials in US
Jan 21 (Guardian) - Sanctions against bankers deemed responsible for the financial crisis could include more legal action abroad, lawyers say. The UK Serious Fraud Office, which is also responsible for prosecuting financial crime in the
January 21 (Tax-news) – A Swiss Bankers Association report, released this month, has reflected on
Jan 19 (IBTimes ) - Hong Kong and