I'm doing a presentation this afternoon for Christian Aid to a range of opinion formers on the need for country-by-country reporting within both the extractive industries and the rest of the multinational sector.

I've featured this issue before - and it's on-going. The slides I've written on this occasion should be self explanatory, so I've added a link to them here.

The real question is my last point - and it's a simple one. If this is done as an IFRS who could lose?

The answer of course is those who compete with private equity - but this is another reason why that sector must be held to account, and is no excuse at all for lowering standards elsewhere.