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WEF Creates Task Force With Carney, Rajan To Study Global Financial System’

WEF Creates Task Force With Carney, Rajan To Study Global Financial System’

by The Daily Eye Team January 27 2016, 2:47 pm Estimated Reading Time: 0 mins, 31 secs

The World Economic Forum (WEF) has created a new task force with Bank of England Governor Mark Carney and his counterpart at the Reserve Bank of India, Raghuram Rajan, to study how rapid changes in technology affect financial stability and growth. The group, formed partly at the request of Carney, includes Bank of America Chairman and CEO Brian Moynihan and HSBC Chairman Douglas Flint. “The group will focus on the inclusion of emerging market economies in the global financial system, technology-enabled innovation, and the economic cost benefit of post-crisis regulatory reforms,” the WEF said in a statement.

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