Financial Regulation: IMF says society must stand with supervisors in role as naysayers in times of exuberance
May 19th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Financial Regulation: The IMF (International Monetary Fund) says society must stand with supervisors as they play their role as naysayers in times of exuberance. Fund officials say in a paper published on Tuesday that new rules aren’t the only thing needed - - good enforcement of existing rules is also critical. Meanwhile, Nouriel Roubini, who is known as 'Dr. Doom' said current efforts to reform financial regulation are 'cosmetic' and won’t prevent another crisis.