FED, Harvard, Michael Corvette discussed on Bloomberg Best


Davos with barkley ceo jess daily plus over ceo dara costs 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 willy list the last financial crisis in 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 connec 70 in the collaboration between regulators and academics and and and publicly firm and investment firms and banks is that a whole nother level them than it was freak license uh you go back to two thousand five thousand six a bank would meet with the fed may be once every quarter uh um today we have the bank that's been the tran fca there in the bank every day this matter they leave a more focused on a colon center i think in 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 regulators have occurred it really is we need the work collaboratively with our regulators to witness crisis he'll on one level pre two thousand eight an an an and as an on the regulators would there just bear witness and if something went on they would use their ability to bring the big bang inordinate something in order to conduct a course correct the economy uh real time today the deep political body have pulled the.

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