Bank reform focus of Davos
(BBC): Disputes over how best to reform the global financial system are set to dominate this year’s World Economic Forum in Davos. French President Nicolas Sarkozy is likely to add to the pressure on banks in a keynote speech on Wednesday. Numerous sessions on banking reform are expected to see clashes between bankers and regulators. The forum, meanwhile, is publishing a report on how to redesign the "global financial architecture". Last year, after the crisis struck, bankers stayed away, firefighting the crisis at home. This year the bankers are back, but the talk is of reform and restructuring, with politicians, regulators and central bankers setting the framework for discussions.
Category: Business
