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Mr Miliband also said there should be curbs on the amount that MPs earn from outside interests and rules to stop conflicts of interest.
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But this hasn't stopped Congress from insisting on the conflict-of-interest policy, making the FDA's job tougher.
Mr. Volcker suggested that the Volcker Rule — a yet-to-be implemented set of regulations that aim to stop government-backstopped banks from speculative trading — might help stop the sort of conflicts of interest that Mr. Smith said occurred at Goldman Sachs.
— Lorcan Roche Kelly (@LorcanRK) 14 Mar 12 Paul Volcker suggested that the Volcker Rule might help stop the sort of conflicts of interest that Mr. Smith said occurred at Goldman, reports DealBook's Peter Eavis from the Atlantic magazine's Economy Summit in Washington.
Conflict-of-interest rules.
Check for conflicts of interest.
Reforms have been implemented to limit conflicts of interest, stop contract abuses and combat a general culture of corruption.
Short of stopping conflicts altogether..
It is what the financial connections between Congress and Rio Tinto reveal about how lawmakers' public jobs and positions can conflict with their private self-interests; how their behavior runs the range from hypocrisy to criminality; and how recent reforms have stopped far short of curbing congressional conflicts of interest.
He also stopped players from speaking freely about his conflicts of interest.
Conflicts of interest abound.
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