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internationalisation

Beyond HSBC and Swissleaks: tax havens and international banking

The HSBC tax evasion scandal and the so-called Swissleaks brought to the fore one of the most classic financial strategies of the past half century: the internationalisation of banking to offshore centres practicing lax regulatory and supervisory regime.

‘Trust is good, control is better’: The 1974 Herstatt Bank Crisis and its Implications for International Regulatory Reform

With its international supervisory and regulatory implications, the failure of Bankhaus Herstatt is one of the landmarks of post-war financial history. This article offers the first comprehensive historical account of the Herstatt crisis, and contributes to the wider discussions on international supervisory and regulatory reform since the mid-1970s.