Financial Regulatory Forum

World Bank’s Zoellick says wary of more Fed power, sees more “options” to dollar

September 28, 2009

World Bank President Robert Zoellick addresses the media during a news conference at the Second Meeting of Finance Ministers of the Americas and the Caribbean at Vina del Mar July 3, 2009. REUTERS/Ivan Alvarado (CHILE BUSINESS) By Alister Bull
WASHINGTON, Sept 28 (Reuters) – The head of the World Bank on Monday sounded a cautionary note about granting greater regulatory power to the U.S. Federal Reserve and said the dollar’s future will “depend heavily on U.S. choices.”

G8: world economy may need more help, leaders mute currency debate

July 8, 2009

France's President Nicolas Sarkozy (L), U.S. President Barack Obama   By Darren Ennis and Krittivas Mukherjee
   L’AQUILA, Italy, July 8 (Reuters) – G8 leaders believe the world economy still faces “significant risks” and may need further help, according to summit draft documents that also reflect failure to agree climate change goals for 2050. (more…)

Russia, China to push global currency at G8 summit

July 7, 2009

China's President Hu Jintao    By Stephen Brown
   ROME, July 7 (Reuters) – China, Russia and Brazil will use this week’s G8 summit in Italy to push their view that the world needs to think about a new global reserve currency as an alternative to the dollar, officials said on Tuesday. (more…)