IIF outlines major global risks in financial system

The globalisation of the economy and the surge in global liquidity is making effective global regulation more necessary than ever, according to speakers at the Institute of International Finance (IIF) annual spring meeting in Athens. Although there has been some progress in moving to common standards, there is a need for regulators to make still greater efforts to secure higher levels of global consistency. This is essential to reduce sometimes contradictory requirements in different

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