World Economic Forum Annual Meeting 2010 in Davos
- World Economic Forum Annual Meeting 2010 in Davos
Worldwide Bankers and top political leaders took their battle over post-crisis regulation to the World Economic Forum which started in Davos a Swiss ski resort.
World Economic Forum Annual five-day conference will see 2,500 people meeting to discuss a range of issues including global economic recovery, unemployment and the aftermath of the Haiti earthquake.
Before few hours of President Barack Obama’s first State of the Union address, bosses from Deutsche Bank, Lloyd’s and other financial giants warned Wednesday that a flood of new regulations risked choking off a global economy recovery.
Others urged Obama, who has proposed restricting bank risk-taking, to push forward with stronger reforms.
“Let’s get good regulation, better regulation, but not more regulation,” said Peter Levene, chairman of British bank Lloyd’s.
Nicolas Sarkozy, the French president, is to plead the case for tough reforms in his opening speech on Wednesday, officials have said.
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