FED, British, Willie discussed on Bloomberg Best

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With barkley ceo jess daily plus oversight yo 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 economic calamity willie lift 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 um i think the the can activity 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 precrisis uh you go back to two thousand five thousand six a bank would meet with the fed may be once three quarters uh um today we have the banking system that the iranian theory there in the bank every day in the british doing this better they have a more focused i'm going to call on 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 regulations have occurred it really is we need the work elaborately with our regulators to witness crisis he'll on one level pre two thousand eight an an an anti as an eye on the regulators what they're just bear witness and if something went on they would use their ability to bring.

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