Barclays, Dara Class, Jess Daly discussed on The Bryan Crabtree Show

Automatic TRANSCRIPT

With barclays ceo jess daily plus over ceo dara class were shot he explains how he's rehabilitating the company's corporate image barclays chief executive jess daly is warning investors and business leaders that the mood at this year's world economic forum in davos is too similar to two thousand six when everyone thought there would never be another financial crisis he spoke about how to prevent the next financial meltdown with bloomberg's tom keene along with citigroup ceo michael corvette and harvard professor can rogoff calamity financial crisis than that and the damage that was done globally and i do think one thing that is different this time that we need to utilize i think the the can activity in the collaboration between regulators and academics and and and publicly firms and investment firms and banks is that a whole nother level them than it was free classes you go back to two thousand five thousand six a bank would meet with the fed may be wants to three quarters uh uh today we have the bank of england in the iranian sea there in the bank every day this matter they leave a more focused i'm going to call think both sides of the atlantic the degree of integration or or or work between the regulators and the banking community not only to fix what happened last time but now i think as most of the corrections through bank regulations have occurred it really is we need the work elaborately with our regulators to what the next crisis he'll on one level pre two thousand eight as an an anti as an on the regulators what they're just to bear witness and if something went on they would use their ability to bring the big bang inordinate something in order todd of course correct the economy realtime today the deep political body have told the regulators i want you to regulate the systems the.

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