"World Financial Authority"

[Chris Burford <cburford@xxxxxxxxxx>]

Hutton again: p 366

> Nor can we any longer accept the US's lax attitude to the regulation of
> international financial institutions, accounting standards and tax
> havens;  it is a green light to feral capitalism, organised crime and
> international plans are terrorism alike.
>
> The globe needs a World Financial Authority that will oversee the adequacy
> of the balance sheets of international financial institutions, regulate
> international financial markets, set minimum corporate accounting
> standards and police tax havens.
>
> The obstruction to this development is the refusal of the US to accept any
> infringement of its sovereignty; the EU should go ahead anyway and
> establish the authority as a complement to its own EU-wide initiatives.