View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
October 17, 2008

French PM calls for ban on offshore banking

By Spear's

François Fillon, French Prime Minister, is calling for offshore centers to be closed down in an attempt to control what the next possible financial dilemma.

French Prime Minister François Fillon has joined Liberal Democrat Treasury spokesman Vince Cable in calling for offshore centres to be closed down. As a result the French government will bring together 20 colleagues of the EU in Paris on October 21, in the framework of the OECD, to elaborate a common response against offshore banking and tax evasion.

Fillon pointed to the role of funds and offshore banking in the the current global crisis and predicted that offshore banking and over the counter (OTC) derivatives trading could become the next domino threatening the entire financial system.

For further details visit thewealthnet

Content from our partners
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight
Meet the females leading in the FTSE

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network