There are good reasons why the public has lost confidence in banking and finance. Two issues in particular must be addressed before it can be restored– moral hazard and conflict of interest. Reforms should ensure that banks and bankers–not taxpayers–pay the price of failure and are held fully accountable for their actions.
Will the world economy brighten in 2014 compared with 2013?
- Lessons from PISA outcomes
- Tax, decentralisation and intergovernmental relations
- President Nelson Mandela: Some personal reflections
- Sahel: the search for security
- Banking, ethics and good principles
- Measuring development goals
- Who’s smiling now
- Africa must reap the benefits
- Cleaner Dutch energy: A tax success?
- OECD Observer Crossword No.3 2013