Where better to start than a session on global financial markets regulation?
Second, we need to accelerate efforts to establish a global framework for financial regulation.
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We need much greater global coordination of financial regulation, facing up to systemic risk and ensuring that market participants are not able to play one regulatory jurisdiction against another.
He is not short of bold ideas, including a global financial tax, the regulation of commodity derivatives and measures to limit exchange-rate volatility.
The Reserve (central) Bank of India is credited with staving off most ill-effects of the Global Financial Crisis with its hyperconservative regulation.
What's needed is a new global financial doctrine that addresses the issues of global saving and consumption, currency arrangements, financial regulation and trade.
And he said with the background of more regulation of the global financial services industry, Jersey will have to fight harder to get business.
Righting them will require wholesale reform both of financial regulation and of the entire global monetary system.
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These issues include the state of the global economy, implementing the framework agreement for strong, sustainable and balanced growth, facilitating job creation, reforming the currency and financial regulation and supervision systems, stability on global energy markets, stimulating international development, strengthening multilateral trade, and countering corruption.
Carney, who will remain chair of the multinational Financial Stability Board, has called for tighter regulation of financial institutions in the past, arguing that better oversight will make the global system more resilient to extreme liquidity cycles like that seen in 2008.
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