06. December 2016

Secrecy has to be tackled globally: Stiglitz and Pieth produce their own Panama report

Basel Institute Chairman and criminal law expert Mark Pieth and Nobel-prize winning economist Joseph E. Stiglitz have just released their analysis of the issues revealed by the so-called “Panama papers”.

While the Panama Papers describe what was happening behind the secrecy, the Stiglitz and Pieth report entitled Overcoming the Shadow Economy focuses on what can and must be done, both by the international community and by the secrecy havens, to increase transparency.

The two experts have previously been appointed to and then resigned from Panama’s official effort to clean up its financial sector; the report is the result of their separate analysis. To read the full report click here