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Friday’s Top News Stories
May 7th, 2010

Swiss banker charged in Alstom bribe probe AFP, May 6, 2010

Swiss econ min optimistic UBS deal will be passed Reuters, May 7, 2010

Greek PM must bow to calls for catharsis Reuters, May 7, 2010

Hedge Funds Oppose Limits On Non-EU Funds In Legislation Dow Jones Newswires (Subscription), May 7, 2010

Caribbean Nations Continue To Spend Big Dollars On Lobbying Congress CaribWorldNews, May 7, 2010

British companies set for crackdown on corruption The Independent, May 7, 2010

Reformer Resigns, Rattling Indonesia Wall Street Journal, May 6, 2010

ANALYSIS-Indonesia's...

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U.S. Senator Ben Cardin Argues for ESTT Amendment on U.S. Senate Floor
May 6th, 2010
U.S. Senator Ben Cardin (D-Maryland) took to the U.S. Senate floor today to argue in favor of attaching the Energy Security Through Transparency Act (ESTT) to the financial regulatory reform legislation moving through Congress. The ESTT legislation would help bring much needed transparency to the extractive industries by requiring companies in the oil, natural gas, and minerals industries to disclose payments made to foreign governments. Watch the video clip from C-SPAN below: Continue Reading
Eurodad and the Task Force Call on Repsol to Support Country by Country Reporting Standard for the Extractive Industry
May 6th, 2010
MADRID—Representatives from Eurodad, a member of the Task Force on Financial Integrity and Economic Development, took the floor at the Repsol shareholders meeting on April 30 in Madrid and called on the firm to support a country by country reporting standard for the extractive industry. Repsol is the world’s 15th largest petroleum refining company. “We believe that, by giving its public and explicit support to a country by country accounting standard now under discussion by the International Accounting Standards Board Repsol YPF will contribute its voice in opposing bad corporate governance...
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South Caucasus must face up to anti-corruption challenge
May 6th, 2010

From Transparency International:

New reports show Armenia, Azerbaijan and Georgia need to strengthen governance

BRUSSELS—Armenia, Azerbaijan and Georgia must adopt stronger anti-corruption legislation and fully implement it in order to ensure progress is made in fighting the problem, according to three new assessment reports released today by Transparency International (TI), the global anti-corruption organisation. The reports, which were compiled by TI chapters in each country, focus on reforms in the judiciary and in the public sector. They also assess whether each country is complying with international anti-corruption conventions and implementing...
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