Prior to the G20 meeting in London, POBC has released a series of articles on its opinion regarding the causes of the
current financial crisis. In one of the reports, POBC said that regulation has failed to keep up with new emerging
financial institutions, products and markets. The statement said that there is a lack of understanding by regulators
of the cross-border activities among internationally active financial institutions. “In particular, there is a lack of
understanding of international capital flows,” the statement said. It thus called upon the International Monetary Fund
to set up a warning system that would watch out for imbalances and destabilizations of international capital flows.

---

Posted by Shue on April 29th, 2009 :: Filed under Uncategorized
You can leave a response, or trackback from your own site.

---