China, the largest cumulative exporter of illegal capital flight, as well as the largest victim in 2010, was the topic of an GFI October 2012 country-specific report “Illicit Financial Flows from China and the Role of Trade Misinvoicing”. The report found that the Chinese economy suffered $3.79 trillion in illicit financial outflows between 2000 and 2011.
The GFI reports continue to demonstrate that the Chinese economy is a ticking time bomb. The social, political, and economic order in that country is not sustainable in the long-run given such massive illicit outflows….Illicit Financial Flows From Developing Countries: 2001-2010
Author Archives: Dagmar Frank
Finance background helps women get boardroom positions
KUALA LUMPUR: A financial qualification or a background which demonstrates substantial financial acument are seen as catalysts for women getting onto the boards of FTSE 100 Index companies, said a report by the Association of Chartered Certified Accountants (ACCA).
The report, ‘Women in finance: A springboard to corporate board positions?’, said proportionally, women appeared to be more successful in attaining executive roles where they had a financial background…article
Daniele Nouy ?
Juncker backs French woman to head new bank supervisor
The head of the European Union’s new banking regulator should be a woman and in this first instance, come from France, according to outgoing eurozone head Jean-Claude Juncker…
… on Thursday also revealed that the job to lead the eurozone’s new bank supervision body would go to a French woman. “I am totally in favor of having a female representative,” he said. “It will be done, and (she) will be French.”
He did not elaborate but French media reports pointed to Daniele Nouya top official at the Banque de France…article
Women, stop pressuring men for money
IT’S not the sort of advice you would expect to hear this holiday season, but chair of the National Family Planning Board, Dr Sandra Knight, did not mince words when she implored women to become more independent instead of depending on men for things…Artikel
Financial inclusion: An unheard of phenomenon in Pakistan
…In a country where many borrowers without access to formal financial institutions are forced to offset decades-old loans by marrying their female family members off to predatory private lenders, the importance of financial inclusion cannot be overemphasised…article
Women will save the US economy, says billionaire Warren Buffett
Forget the “fiscal cliff”, it will be women who save the economy, according to the “Sage of Omaha”.![Warren Buffett_What a waste of human talent](http://www.w-t-w.org/en/wp-content/uploads/2012/12/Warren-Buffett_What-a-waste-of-human-talent.jpg)
Warren Buffett: ‘What a waste of human talent – 50pc of the population was pushed off into the corner for 200 years”…article
How age and ethnicity influence women’s financial security
The need for retirement security cuts across all social, gender and ethnic lines. The fact is, everyone is going to age and will need support after leaving the workforce. Studies show that women approach this issue differently than men, and women of different ethnicities have varying viewpoints when it comes to setting financial goals…article
KATHMANDU women’s access to finance
Increasing women’s access to finance can boost economic development
KATHMANDU Women entrepreneurs could play a more significant role in Nepal´s economic development if financial institutions address their financing needs with suitable offerings, a study conducted by the International Finance Corporation (IFC), a member of the World Bank Group, shows…Artikel
Swiss lender ZKB says three charged by U.S. authorities
Swiss lender Zuercher Kantonalbank (ZKB) said two of its bankers and one former employee had been charged by U.S. authorities, which had accused them of helping U.S. clients avoid taxes…article