Ethics and governance in the European Financial centers

The Luxembourg governement met last 18 July 2008 and approved of an Action Plan to Fight Corruption.
This is a good thing. Better late than never.
But I wish the Action Plan were public (I am gonna to ask a copy to target weaknesses with my independant mindset)
The actions are implemented in the framework of the Corruption Prevention Committee, which is expected to do much in raising bribery awareness among the players concerned and to improve interagency coordination, and the introduction of anti-bribery mechanisms in agencies responsible for export credit insurance and development cooperation. But I wish the members of the Committee were public.



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The Financial Services Authority (FSA) yesterday arrested eight individuals and executed search warrants across London and the South East in connection with a major ongoing investigation into insider dealing rings.

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The Financial Times has reported that the European Union is about to embark on its own version of rating agency regulation. Charlie McCreevy, the internal market commissioner, in cahoots with the French and other governments, is preparing a proposal that is likely to involve securities regulators registering and directly overseeing the work of ratings agencies in Europe – and he seems intent on fast-tracking the idea through the European parliament and member states in the autumn.

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