Ethics and governance in the European Financial centers

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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Prem Sikka today wrote an article that demonstrates that without better reform of the UK's political institutions for taming corporate power, a durable regulatory system cannot be developed.

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HM Revenue & Customs has dramatically escalated attempts to compel banks to release the names of thousands of customers with offshore accounts as part of its fight against tax evasion despite fears that it may be overstepping its legal powers.

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