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Financiers call for greater global co-operation

Qatar Central Bank

Qatar Central Bank

The pace of the internationalisation of finance has not been slowed by the difficult economic conditions of recent years, and this is increasing the contagion risk of another global meltdown, according to experts gathered in Doha recently.

Speakers and panellists at the “Global Finance Re-Designed” event – the first in a series of initiatives organised by Euromoney and the Qatar Central Bank – called for greater international co-ordination, as well as changing behaviours on the part of local financial institutions and markets, “in response to these new threats”.

More than 600 figures from international finance gathered at the event at which Qatar was strongly praised by many speakers, particularly concerning recent moves to change legislation to position the Qatar Central Bank to oversee all banking, financial and insurance activity.

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