Davos Annual Meeting 2010 - Josef Ackermann | Summary and Q&A

TL;DR

Global cooperation among policy makers and business leaders is crucial to address the challenges of the financial crisis and establish a regulatory regime for sustainable growth.

Key Insights

• 🌐 International cooperation is critical to addressing global challenges in the financial and economic crisis.
• 🗯️ Challenges in 2010 require the right regulatory responses for sustainable growth.
• 🥳 The new regulatory regime should prioritize sound capital ratios, robust market infrastructure, efficient recovery and resolution regimes, and international harmonization.

Transcript

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Questions & Answers

Q: What are the top issues for this year's annual meeting in Davos?

The top issues at the annual meeting in Davos include international cooperation among policy makers and business leaders, finding regulatory responses to the financial crisis, and securing sustainable growth for the future.

Q: What should be the central pillars of a new regulatory regime for large financial institutions?

The central pillars of a new regulatory regime should include sound capital ratios, robust market infrastructure, efficient recovery and resolution regimes, and international harmonization.

Q: How is the World Economic Forum partnership important in addressing global challenges?

The World Economic Forum provides a platform for global leaders to engage in a continuous dialogue and share insights, which are crucial in addressing complex challenges with international interdependences.

Q: What value does international dialogue bring in improving the state of the world?

International dialogue brings global insights and visionary perspectives, allowing leaders to understand the dynamics and risks, as well as the potential and power of joint efforts across cultures, borders, and religions.

Summary & Key Takeaways

• The annual meeting in Davos aims to address issues of international cooperation and regulatory challenges in the global economy.

• Challenges faced in 2010 are greater than ever, requiring the right regulatory responses and a balance to secure sustainable growth.

• The new regulatory regime should have sound capital ratios, robust market infrastructure, efficient recovery and resolution regimes, and international harmonization.