It brings together experts, researchers, practitioners and civil society to discuss how to reshape finance so that it contributes to a just and sustainable economy. To stimulate a genuine debate, it has not only plenary sessions but also breakout sessions to facilitate small group discussions.
The world's leading economic powers edged toward agreement on new rules to ensure that major banks keep enough money in reserve to insulate them against future crises.
Britain's new coalition government faces its first brush with the European Union next week as the bloc's finance ministers are on course to back tough new rules on hedge funds against UK wishes.
Germany says it will host an international conference on May 20 to discuss regulatory and supervisory reform of financial markets.
The major obstacles to reforms for safer and sustainable banking are political not technical. The solution is not to insulate reform from elite politics but to promote reform through democratic politics. Broader social representation on committees and regulatory boards is vital if unaccountable elites are to be questioned. But effective representation requires greater knowledge and perspective about what finance is doing and should be doing.
The UK has a strategic nightmare: it has a strong comparative advantage in the world’s most irresponsible industry. So now, in the wake of the biggest financial crisis since the 1930s, the UK must ask itself a painful question: how should the country manage the cuckoo sitting in its nest?
In its first detailed effort to overhaul financial regulations, the Obama administration on Wednesday sought new authority over the complex financial instruments, known as derivatives, that were a major cause of the financial crisis and have gone largely unregulated for decades.
An event is to be held in Berlin, with TJN participation, on June 9: Tax Havens in Crisis: Transparency and New Rules for Tax and Regulatory Havens Participants: Jack Blum (Attorney and US government consultant); John Christensen (Tax Justice Network); Heike Göbel (Frankfurter Allgemeine Zeitung); Gerhard Schick (Alliance ’90/The Greens)
The only surprise to emerge from the recent G20 Washington summit –billed in advance as the launching pad for “a new global financial architecture”, “Bretton Woods II” etc. – was the apparent surprise at the meager results. International action to combat global economic meltdown was confined to a vague commitment to "coordinated policy response". There were some references to stimulating demand and the ritual calls for “greater transparency” and “sound regulation in financial m...
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