Financial Transparency Coalition

Yesterday, it was announced that Barclays PLC would pay the U.S. Government $298 million to settle a case charging the British bank with blatantly disregarding U.S. sanctions against countries such as Burma, Cuba, Iran, Libya, and Sudan. In doing so, the bank both accepted and acknowledged the charges made against it, and—according to the The Wall Street Journal—took full "responsibility for its conduct and that of its employees." The details of the case are fairly disturbing, highlighting a culture of complete disregard for U.S. regulations. The Journal reports:

U.S. officials said the bank altered payment messages or...

U.S. President Applauds New SEC Reporting Requirement, Vows to Campaign for Adoption of Similar Global Regulation Last Wednesday, as President Obama’s signature graced the Dodd-Frank Wall Street Reform and Consumer Protection Act, the long-awaited overhaul of the financial regulatory system finally became the law of the land. This included a small but important provision, the Energy Security Through Transparency (ESTT) amendment, which is designed to increase transparency in extractive industries by requiring oil, gas, and mining companies registered with the Securities and Exchange Commission...

The official statement by the White House Press Secretary on the Energy Security through Transparency (ESTT) provisions within the Wall Street Reform and Consumer Protection Act.

Collin Swan analyzes the groundbreaking, new reporting requirements at the Hong Kong Stock Exchange and examines the implications they will have on the proposed Energy Security Through Transparency (ESTT) Act in the United States.

Today, the Hong Kong Stock Exchange (HKEX) is enacting a clear and comprehensive set of listing requirements for mineral companies that are in line with international standards and encourages greater...