MAKING THE TOUGH DECISIONS IN REFORMING GLOBAL FINANCE

MAKING THE TOUGH DECISIONS IN REFORMING GLOBAL FINANCE

20 June, 14:00–15:15

The need to harmonize regulations across the system where finance and risks are global in nature and rapidly spill across borders must be reconciled with the challenge of regulating in a ‘one-size-fits-all’ manner for economies at various stages of development. What are the priority issues that must be addressed for effective reform in finance? What are the barriers to implementing these changes?













Broadcast

Key moments

As an industry and as a global economy we need clarity, we need finality and we need harmonisation.
Michael Corbat
The world we are living in today remains a challenging place: economically, politically and from a regulatory perspective.к
Michael Corbat
I don’t think that today bankers are actually against Basel III; I think we accepted it, but probably partly as an unavoidable evil.
Andrey Kostin
We would like to build infrastructure that would be more crisis-resistant, and more transparent.
Andrey Kostin
Unless uniform parameters and indicators to evaluate the performance of financial institutions are achieved, there is no way we can ensure efficient progress towards financial stability.
Anton Siluanov
A large part of the world is comprised of systems which are still very dependent upon banks.
Tharman Shanmugaratnam