Gordon Brown: Global Fix for Finance
Gordon Brown, British Prime Minister | October 10, 2008
World’s financial systems are increasingly interdependent, and solutions to economic slowdown that used to be relevant are now “outworn dogmas.” ++ Cross-continental flows of capital make regional systems of supervision inadequate. ++ A global system of supervision needs to be introduced immediately. ++ The Financial Stability Forum and the International Monetary Fund need to be reformed so that they prevent similar crises in the future rather than just intervene when the situation spins out of control.
