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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

UK enforcement: Charging Barclays is a good first step to ending corporate impunity

Until the SFO announced its charges against Barclays, not a single UK bank or individual had faced criminal prosecution for their role in the financial crisis of 2008.

The financial crisis and the recession that resulted is the root cause of the austerity measures that are causing such deep damage to the UK’s public bodies, including local councils, the National Health Service, fire departments and schools.… Continue Reading

Martin Kenney: An open register of beneficial owners is a bad idea

Last year UK Prime Minister David Cameron promised to rip aside the “cloak of secrecy” and set new standards for transparency of company ownership.

What came out of the Joint Communiqué issued by political leaders and representatives of the UK and Overseas Territories last month (following reportedly “robust discussions”) was an agreement to hold the information on the people who ultimately own and control companies — so-called beneficial owners — in their jurisdiction, either in centralized registries “or similarly effective systems.”… Continue Reading

Brook Horowitz on FIFA and beyond: The clean up can start here

The FIFA scandal reminds us that corruption remains embedded right at the top of some of the world’s institutions. And it’s not only FIFA: the almost daily reports of fines for the major Western banks for failing to prevent money laundering, or for foreign exchange and interest rates manipulation — crimes dating back to the financial crisis — show the extent to which corruption is part of the normal operating mode of transnational institutions, whether public or private.… Continue Reading

Will a pay raise keep the Mandarins honest?

China’s State Council has released a plan to increase salaries of civil servants amid public expectations that it will help curb corruption.
 
President Xi Jinping and other six members of the Politburo Standing Committee will have their annual salary increased from 7,020 yuan ($1,130) to 11,385 yuan ($1,759), a 62 per cent jump, according to the plan.… Continue Reading