It the wake of the subprime crisis where due to huge losses several large banks now need fresh capital, people are clamoring for more oversight. It is clear that the regulators will have to take another look and probably beef up the equity requirements. This was foreseen in the new rules of "Basle II", but some people are saying that this might be too little too late, and we might as well go to "Basle III". Be it as it may, the financial community is probably in for a low risk profile in the next months.
But the prediction for 2008 that governments will be more active in pushing for CSR in the private sector is already coming true in the first quarter. Several initiatives are under way, and if you are interested in seeing what the UN is doing about public-private partnerships, then read this article in the web version of Ethical Corporation.