Italy urges ‘legal standard’ on finance

Report of an interview with Giulio Tremonti, Italy’s Finance Minister. He unveiled proposals to be presented to G7 Finance Ministers + Russia at a meeting in Rome, 13-14 February 2009, that would establish a worldwide 'legal standard' of rules governing the future of globalisation.

The proposed OECD instruments for the legal standard include an anti-bribery convention, principles on corporate governance including state-owned enterprises, guidelines on multinational enterprises, standards of transparency and co-operation on tax, principles on disclosure of financial information, existing G7 taskforce recommendations on money laundering, and standards on international property rights.

University of Toronto: G8 Information Centre http://www.g7.utoronto.ca/

ESO: Background information: Brown and Merkel vow to renew relations with US http://www.europeansources.info/record/brown-and-merkel-vow-to-renew-relations-with-us/

ESO: Background information: Bankers discuss regulatory change http://www.europeansources.info/record/bankers-discuss-regulatory-change/

OECD: Financial Market Trends No.95, Volume 2008/2 - December 2008: The Current Financial Crisis: Causes and Policy Issues (etc) http://www.oecd.org/document/61/0,3343,en_2649_34849_41942845_1_1_1_1,00.html

---