A long-standing effort to make big investment funds abide by the same rules that banks and brokerages follow has bogged down. The fund industry says it supports the rules — it just has a few quibbles.
Finance
Jan Fichtner: The Cayman conundrum: why is one tiny archipelago the largest financial centre in Latin America and the Caribbean?
A good summary of the role of the Cayman Islands as a tax haven. Hopefully that will start to change in 2020 after the UK Parliament passed a law imposing public registers of beneficial ownership […]
Austerity
Bill Mitchell: The latest scam from the European Commission – the ‘roadmap’
It is odd that an Australian is probably the best – and one of the most critical – analyst of EU policy. Bill Mitchell has a profound knowledge of the EU, which may result it […]
Finance
Michael Roberts: Beware the ECB bearing gifts for Greeks
In 2012 the ECB purchased massive amounts of Greek bonds from German and French banks to save them from going under, they having recklessly purchased these bonds. Greece has continued to pay interest on these, […]
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