And he applauds the committee for bringing to light international tax practices "that are not easily understood".
For example, a subsidy could be used to support the adoption of technologies or practices that are not common with producers.
Regional officials have an incentive to prop up local enterprises and production statistics, even if that means supporting projects or accounting practices that are not sustainable.
"Mr. Rattner shares with the New York attorney general the goal of eliminating public pension fund practices that are not in the public interest.
"I think there are some really concerning practices described in The New York Times report, including employment practices that are not legally acceptable in the UK.
In the last 10 days, as investors have grown increasingly concerned about companies that use accounting practices that are not standard, Computer Associates' shares have lost 29percentt of their value.
To do this work, you have to listen carefully, and you have to acknowledge that there are some things you don't know, practices that are not evident in Dr. Summers's style.
The code requires microfinance institutions to avoid reckless lending that can lead to overindebtedness, and also to use transparent and fair pricing along with collection practices that are not abusive.
"We have had situations – very unfortunate situations, into which we are opening investigations – where some public officials have been getting involved in practices that are not allowed and which we, as a government, do not back," he said.
It calls on institutions to adopt transparent pricing along with collection practices that are not abusive, and it commits lenders to protect clients' privacy and to offer them a way to resolve problems when they cannot pay.
Because they follow practices that are not allowed under the Investment Company Act of 1940, all exchange-traded funds must seek an exemption from the S.E.C. to allow them to operate.
