International Regulation |
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December 14, 2009
Who should be driving improved and better coordinated global regulation?
Who should be driving improved and better coordinated global regulation?
The strong consensus of the task force on global regulation was that it should be the Financial Stability Board, a collection of central bankers and financial regulators given a mandate by the leaders of the Group of 20 in London to devise ways to reduce the risks of repeating the crisis of the past two years. The chairman is Mario Draghi, now head of the Bank of Italy.
The Wall Street Journal's David Wessel moderated the task-force discussion. Here are edited excerpts of the presentation of their priorities, with additional questions from the Journal's Alan Murray as well as questions from the audience.
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