Who will be the global regulator?

June 26, 2009

BusinessWeek’s Chief Economist Michael Mandel argues here that it may require the creation of a global regulator to control global banks.

He says the Obama administration’s financial regulatory reform package is so “unsatisfying, precisely because in an increasingly global economy it focuses mainly on beefing up U.S. regulation. ” At one time, that would have been enough, he says. But not anymore.

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