World business leaders back more regulation
Wednesday, November 12, 2008 : PermalinkMSN UK News – Business leaders around the world back greater regulation in response to the global financial crisis, a survey showed on Wednesday, with support strongest for curbs on credit rating firms, hedge funds and structured finance.
Responses from more than 700 chief executives, chairmen, partners and directors across Asia, Europe and the United States were received between November 4th and 6th.
The survey, conducted by international law firm Allen & Overy, was timed ahead of this weekend’s Washington DC summit on the deepening crisis between the leaders of the Group of 20 leading world economies.
More than three-quarters of those polled agreed that more regulation of credit rating agencies was necessary, while two thirds supported greater regulation of hedge funds.
Tags: china-morning-post, conflict, corporate-earnings, court-of-appeal, credit-crisis, deringer, donors, finance-services, guarantors, henry-m-paulson, kary, market-timing, newcastle, prepared-statement, sebi, sunday-times
trackback from your site.