The money network:

The money network:

Why crowdfunding threatens traditional bank lending

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

March 2002

Sir David Tweedie


Chairman, International Accounting Standards Board


       
Like all true Scots, Sir David Tweedie loves a good scrap. It was once said that "he would cross a motorway to pick a fight".
Right now he finds himself caught up in the Enron storm - as the chief advocate for international accounting standards - and is relishing the battles ahead.

On his office wall in London hangs a framed 1991 article from The Scotsman newspaper headlined "The most hated accountant in Britain?" As chairman of the International Accounting Standards Board, he may become the...


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