WEF Davos 2010 — far-reaching banking reforms?

February 13, 2010

 

Bankers have indicated that they may agree to far-reaching reforms, as the World Economic Forum in Davos ends.

Top regulators warned that they could take drastic action to take some of the risk out of the financial industry.

However, the annual meeting of some of the world’s most powerful business leaders and politicians ended with few new plans or real achievements.

There was agreement though that job creation and free trade had to be key ingredients of any economic recovery.

Larry Summers, economics adviser to US President Barack Obama, probably coined the most memorable phrase of this year’s Davos when he said the world was experiencing a “statistical economic recovery, but a human recession”… Read more by Tim Weber, BBC  

haplif – Frank Kalder (Global Haplifnet)

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