From architecture to action

Article Abstract:

It is clear that it will never be possible to establish a global capital market, with the necessary regulation and supervision, while retaining national sovereignty. However, there are less wide-reaching changes that could be made to the world's financial system. Rich countries could start to positively affect the standards of international financial markets by extending financial disclosure to cover collective-action clauses in their foreign-bond contracts. Industrial countries can also take action against the distortions that provide the incentive for financial institutions to act incautiously in emerging markets.

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A stitch in time

Article Abstract:

It is time to consider ways of encouraging investors to be more cautious, especially in relation to emerging economies. Some financial architects believe that this can be achieved through establishing more international standards for a wide range of financial activities, including corporate governance and bank supervision. However, internationally agreed standards are frequently too general to be really effective. It would be better for regulators to offer incentives to investors to be more cautious. These could include allocating a higher risk weighting to loans to emerging markets with weak financial systems.

Management, Investments

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A stitch in time

Article Abstract:

Apparel manufacturers in the Pacific Island of Saipan have enjoyed the privilege of putting made in the US labels on their products without having to comply with US labor laws. The Labor Department is now cracking down on unfair and unsafe labor practices in Saipan.

Cases, Clothing industry, Labor law, Saipan

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