Ethics and governance in the European Financial centers

Archives > 2008-10

10/26/2008

More business, more risks, more refusal

Didier Mouget, PwC Luxembourg Territory Senior Partner, was invited by Paperjam TV to comment PwC results, the crisis and the consequences of the current fight against tax havens. He explained that the crisis in an opportunity for auditors to make more money and continue the growth because the provide they provide confidence. I do not agree with that because auditors, especially in a small jurisdiction like Luxembourg, are not independant enough from their clients who pay for the audit and ignore business ethics . That is the reason why those who state that audits of banks should...

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10/26/2008

Blackmail

I went through blogs and articles to read the comments following the bad TV documentary on the financial center of Luxembourg broadcasted last 21 October just before an interview with Prime Minister Juncker in the framework of the evening news on France 2. It was a trap for Prime Minister Juncker, with definitely no will of journalists to be constructive as they did not focus on actual...

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10/22/2008

Prime Minister Juncker's arguments are relevant but he condones permissiveness

In the context of the meeting agains tax havens that took place in Paris Mr Juncker, Prime Minister of Luxembourg, yesterday said on TV two relevant things that are worth commenting: To...

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10/21/2008

Luxembourg : the frontage of professional standing is broken

10/20/2008

Collective stance against the offshore jurisdictions’ secretive, unregulated way of doing business

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