Russia’s President Dmitry Medvedev has voiced five guidelines to get out of financial crisis. The president made the respective statement during the World Policy Conference in French Evian.
First of all, Medvedev called on the world to put in order the system of both national and international financial regulators. Secondly, Medvedev urged to eliminate “serious misbalance between the size of released financial instruments and the actual yield of investment programs.” The race of competitors creates financial soap bubbles, the president said, specifying that the responsibility of public companies to holders is being watered at the same time.
The third idea of the president is to strengthen the system of risk management, so that each market player will have a potion of responsibility and risk from the very beginning. No one should harbor any illusions about the endless growth of any assets, the president pointed out.
The fourth proposal relates to the maximal disclosure of information about companies, it specifies tougher supervisory requirements and the increase in responsibility of rating agencies and auditors. And last but not least, according to Russia’s president the vital thing is to make available to all the profits generated from lifting the world trading barriers, from freedom of capital movement. |
