Davos Annual Meeting 2010 - Rethinking Systemic Financial Risk

http://www.weforum.org 27.01.2010
In 2009, the G20 tasked the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision to develop "macro-prudential tools" to combat systemic risk.

What structural deficiencies still persist in the regulation of systemic financial risk and how will they be addressed in 2010?


Jaime Caruana, General Manager, Bank for International Settlements (BIS), Basel

Ibrahim S. Dabdoub, Group Chief Executive Officer, National Bank of Kuwait, Kuwait; Global Agenda Council on Global Investment Flows

Robert E. Diamond Jr, President, Barclays, United Kingdom

Stefan Lippe, Chief Executive Officer, Swiss Re, Switzerland

Jonathan M. Nelson, Chief Executive Officer, Providence Equity Partners, USA

Guillermo Ortiz, Professor, ITAM (Instituto Tecnologico Autonomo de Mexico), Mexico




Moderated by

Suzanne Nora Johnson, Chair, Global Agenda Council on Systemic Financial Risk; Global Agenda Council on Systemic Financial Risk

Category:

News & Politics

Tags:

• World
• Economic
• Forum
• Annual
• Meeting
• 2010
• WEF
• Davos
• Davos10
• commentary
• analysis
• news
• Jaime Caruana
• Ibrahim Dabdoub
• Robert E. Diamond Jr
• Stefan Lippe
• Jonathan M. Nelson
• Guillermo Ortiz
• Suzanne Nora Johnson

[ckondiah]

Have anyone ever thought the business community is so caught up with solving risk within the business community they forget about the sole reason why they exist and wear expensive suits? The average Joe and the risk they are under because of the financial products from the business community, just a thought...

[beancube2010]

@jjrglobal

Money should be view as tools, technologies, and abstracts, not properties. Money should be owned by the public of a country, not the private of individuals. People can own material things, not abstracts. Abstracts distribute share values.

How many mass laid off are caused by profit driven, lazy operators who ignore distributing tools/technologies for people doing jobs and feeding families? Lazy operators exploited the current crisis using offshore capital shifting and cheap labors.

[PuisSangSoo]

@jjrglobal

Thanks for replaying to my comment.

Redistribution is not for private growth but for public welfare.

I think world government should take resposibility for that.

And exessive meaningless and avaricious growth will always do bad things to sustainable economy.

[jjrglobal]

@PuisSangSoo

This is your suggestion? Take money from the place that is responsible for creating growth and jobs and give it to people that do nothing, create nothing? Brilliant. Keep your mouth shut and let the grown ups handle this

[TedDGPoulos]

Study the underlying law of nature (Bing or Google it as a beginning).

.

Discovered in 2003, it may be the world's most useful, profitable and encouraging knowledge.

.

Among countless reasons for this: its understanding and application is the most effective and efficient means to improve the performance of any process.

.

The Underlying Law Of Nature

[PuisSangSoo]

Tax financial sector,stabilize financial system and redistribute for poor people.

[skoob6969]

gillermo you get them I know you had more to say.

I love your work.