The Sovereign Society, 22 Dec 2008
"As the fallout from gross mismanagement at CreditSuisse and UBS drives even greater funds into Singapore's banks, the attention of the OECD has followed.
Without much official warning, the OECD is beginning to hint at Singapore as a potential target. "Increasingly Singapore is looking out on a limb," says Jeffrey Owens, director of the OECD's Center for Tax Policy Administration.
Bob Bauman shares this view from the front-line, "Local Singapore bankers expect this pressure probably will grow once president-elect Obama takes office in January.""
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