BRUSSELS (Dow Jones) – The involvement in the global reform of financial regulation diminishes according to the International Monetary Fund (IMF).
"I am a little concerned that the momentum is not as strong as at the high point of crisis," said the Executive Director of the IMF, Dominique Strauss-Kahn on Friday on the edge of a plenary meeting of the European Commission conference on the implementation of internationally active banks.
The Heads of State and Government once more devoted to their national agenda, which is understandable. In his estimation, then, is exactly the important time to make decisions on broader issues such as crisis management systems. In his speech had Strauss-Kahn argues that the European Union, a new authority for the settlement of cross-border banks that are insolvent, creates.
-By Adam Bradbery, Dow Jones Newswires, +49 (0) 69 297 25 300,
konjunktur.de @ dowjones.com
DJG / DJN / kth / voi
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