Germany: ‘Unprecedented political chaos’

Germany has plunged into unprecedented political chaos,” a headline dramatically proclaimed in the prestigious international Foreign Policy magazine in the wake of the German...
Graphic made up of photos of European landmarks on the left merging into a photo of Greece on the right.

Turning Europe into Greece

Sixteen years after faking its fiscal numbers and nine years after the onset of its sovereign insolvency, Greece has finally managed to officially “exit”...

Macron’s fine line to walk

U.S. Commerce Secretary Wilbur Ross, Formula One racing champion Lewis Hamilton, Queen Elisabeth II, Madonna. These are some of the names revealed in the...

Putting Venezuela on the path to prosperity

With the current Maduro regime on the ropes due to increased discontent and unrest from all sectors of Venezuelan society, many analysts are beginning...

May, you live in interesting times

Theresa May’s gamble of calling an unnecessary early election failed. Instead of increasing her parliamentary majority, she saw it collapse. As I write this, her...

In defense of the British Empire

Would the world have been better off if there had never been a British Empire?  Would North America have been better off if it...

After Brexit

The U.K.’s decision to leave the EU marks a historic shift in the nation’s relationship not only with Europe but with the world. In...

Argentina’s revival?

When Mauricio Macri took over as the president of Argentina, he vowed to revive an economy that after 12 years of populist-left rule was...

The fight of the EU against tax avoidance – beyond BEPS

With the European Parliament showcasing its commitment to combat tax havens as well as tax avoidance and the European Commission pursuing state aid infringement...

Fiscal lessons: Ten years without the Swedish inheritance tax

Sweden might not have much to teach other countries about tax policy. The tax-to-GDP-ratio of 42.8 percent (2013) exceeds the OECD average by nearly...

The war against cash in Europe

There are good reasons why the debate on cash is heating up right now. While European governments and central banks have stepped up capital controls...

The fiscal crisis in Portugal continues

The fiscal crisis in Portugal is not over. The structural problems that led to the current situation are likely to remain in place for...

What would Prime Minister Corbyn mean for financial centers?

The unlikely happened (as it so often does). Jeremy Corbyn, the 100-1 outsider and far-left candidate, won an election in September to become leader...

Combating tax evasion in times of crisis in Greece

Greece is the European country that has been most in the spotlight after the breakout of the financial crisis in 2008. It was the...

Private creditors versus Argentine government

For more than a decade, Cayman-registered investment funds have led the pursuit of contractual rights under defaulted bonds issued by the Republic of Argentina,...

Financial internships and the Foreign Corrupt Practices Act

American regulators have recently been scrutinizing financial institutions’ internship programs for potential violations of the Foreign Corrupt Practices Act.1 The United States Securities and Exchange Commission recently announced its first internship-related FCPA settlement with Bank of New York Mellon Corp.  

 

EU’s blacklisting of Caribbean IFSCs: A surprise to no one

Political leaders must take the necessary decisions to more robustly defend their interests and work with likeminded decision-makers within the EU and indeed the U.S.  to make the right policy decisions that would increase economic growth instead of seeking to punish foreign and sovereign jurisdictions.

 

Stupid or complicit? Neither

Some of the purported details contained in the FBI documents are so deliciously funny – the top soccer executive who claimed his only income was as a salesman for a “pet rock company” or that he was suffering from advanced dementia ...

 

China’s financial system: The tension between state and market

The recent turmoil in China’s stock markets reflects the topsy-turvy nature of China’s financial system — and the tension between state and market. Since 1978, the financial system has not kept pace with the march toward the market. 

 

Kabul Bank

The Kabulbank Scandal: Part III

The Kabulbank scam may be the largest theft of depositor money per capita the world has ever experienced. Kabulbank was Afghanistan’s largest bank when...
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