Ex-IMF adviser calls for 'hard rules' on cross-border resolution

New laws should be agreed between nations as part of a new international framework on cross-border resolutions, Rosa Lastra, a professor at Queen Mary University of London and a former adviser to the International Monetary Fund (IMF), said on Friday.

At the Annual Conference at the British Institute of International and Comparative Law in London, Lastra said the financial crisis had exposed the limitations of relying upon a "loose network of soft law standards" and that a new mechanism, which