By Political and Economic Risk Consultancy, Ltd.- PERC
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Issue #823 KMT lawmaker facing corruption charges, in exchange for a 'not guilty' verdict. Another judge and a prosecutor allegedly acted as brokers. The military has also seen its reputation seriously tarnished by a string of scandals. Early last year a retired lieutenant general was indicted on charges of bribery, blackmail and leaking secrets. The incident led to the investigation of 114 generals for alleged corruption or bribing their way to their rank, creating questions not only about the integrity of the island’s armed forces but also about their combat readiness.
Issue #823 patent’s perspective. com bust, different money-laundering scandals, the Long-Term Capital Management scandal, and, now, the sub-prime crisis. Industry regulators in the US have responded by slapping on more regulations and tougher compliance requirements. What is clear is that these requirements are time consuming and expensive. What is not clear is that they work well. The scandals keep happening, but the extra compliance requirements could be undermining the competitiveness of US banks and multinationals and causing an exodus of business from the US – quite likely to jurisdictions where regulatory oversight errs on the other side (insufficient) and corruption is easier to do.
Issue #823 patent’s perspective. com bust, different money-laundering scandals, the Long-Term Capital Management scandal, and, now, the sub-prime crisis. Industry regulators in the US have responded by slapping on more regulations and tougher compliance requirements. What is clear is that these requirements are time consuming and expensive. What is not clear is that they work well. The scandals keep happening, but the extra compliance requirements could be undermining the competitiveness of US banks and multinationals and causing an exodus of business from the US – quite likely to jurisdictions where regulatory oversight errs on the other side (insufficient) and corruption is easier to do.