G20 Summit : the need to regulate short-termism

• Main Author: Richard W. Carney
• Other Authors: S. Rajaratnam School of International Studies
• Format: Commentary
• Language: English
• Published: 2011
• Subjects: DRNTU::Business::Finance::Bank management
• Online Access: https://hdl.handle.net/10356/92484; http://hdl.handle.net/10220/6597
• Institution: Nanyang Technological University

At the G20 summit coming up in Toronto on 26-27 June, leaders are expected to focus on how to avoid a repeat of the recent global financial crisis. However, the IMF’s recommendations fail to address a key issue -- short-term incentives that encourage bankers’ risky behaviour.