Banking conference in Dublin to consider global regulatory system

A common regulatory system for troubled banks across the world will be the main topic up for discussion, at a banking conference in the capital today.

Organisers of the event argue that the current bank resolution mechanisms have not worked, as they did not provide a joint approach to the economic crisis which is being faced by many countries around the world.

Ajai Chopra of the IMF and the Governor of the Central Bank Patrick Honohan will speak at the conference.

One of the organisers, Professor John Cotter, said having a policy for financial institutions worldwide will prevent further crises.

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