International Financial Crisis

Position Paper committal: The economical and Finance Committee (ECOFIN) Topic: Rethinking the Inter topic Financial System. Regulations in the New Economic World Order Country: France It is clear that the worst international monetary crisis in decades has caused tremors within the economics profession and the policymaking establishment. We are witnessing a financial earthquake. The rate at which things are going, we are pathetic towards a historically unprecedented contraction of the financial world, which has distanced itself from the certain economy. It has emerged that this capitalist system has a flawed construction, and its players need to light up the requisite adjustments soon enough. The ongoing planetary financial crisis has make up great challenges to financial systems and governments around the globe, including in France. The unprecedented record of the crisis and government bailouts highlights the importance of having a sound system and an inhibit policy receipt. France has a large and sophisticated financial system, which accounts for decennary percent of the international banking system and five percent of the global capital markets. Besides, it hosts the second largest mutual fund industry.

The impact of the crisis on the French financial system, especially the banks, and the policies adopted matter for the global economy and financial stability. France believes that in developing a longer-term response we should be guided by three principles: * First, primary business for managing risk is and mustiness remain with individual financial institutions and investors. * Second, this of necessity to be backed up by strengthened national regulatory and supervisory frameworks. * Third, regulatory authorities in assorted countries need to cooperate and exchange information effectively in the EU and internationally to prevent and manage crises and contagion. More immediately, however, we must rebuild confidence and increase the transparency of... If you want to demand a full essay, order it on our website: Orderessay

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