Regulators, international bodies and the financial services industry have put through a raft of proposals to reform the financial architecture and avert future crises. Despite progress in some areas, such as the need for banks to increase capital strength, the depth of the analysis into the root causes of the crisis has not been thorough enough. The proposed reforms focus too heavily on firm-specific regulation and a lack of co-ordination between the public and private sectors threatens to hamper the implementation of much-needed regulation in several critical areas. This presentation outlines how the public and the private sector must take urgent action together on: reducing asset volatility and pro-cyclicality of bank balance sheets; strengthening financial market infrastructure; and creating feasible mechanisms to resolve financial institution failures.
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Hugo Banziger, Chief Risk Officer, Member of the Management Board Deutsche Bank
- Thursday, 11 February 2010
- 12.15 p.m. - 1.30 p.m.
Seminar Room 3-5
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road