The FIFA scandal reminds us that corruption remains embedded right at the top of some of the world’s institutions. And it’s not only FIFA: the almost daily reports of fines for the major Western banks for failing to prevent money laundering, or for foreign exchange and interest rates manipulation -- crimes dating back to the financial crisis -- show the extent to which corruption is part of the normal operating mode of transnational institutions, whether public or private.
Entries in G20 Anti-Corruption Working Group (6)
So the G20 leaders meeting in Brisbane is over, and despite the usual distractions in the media from the world of high politics, they managed to stick to their agenda of economic and financial reform for growth.
At this year’s B20 Summit, held last week in Sydney, 400 business leaders laid out a blueprint to promote global economic growth and employment outcomes and make the global economy more resilient to deal with future shocks.
The G20 Anti-Corruption Working Group has issued recommendations for G20 leaders to support economic growth through transparent institutions and enforcement mechanisms that combat foreign bribery.