The explosion of financial innovation unaccompanied by credible systemic regulation has made the financial system vulnerable. The resulting crisis of… - Manmohan Singh

" "

The explosion of financial innovation unaccompanied by credible systemic regulation has made the financial system vulnerable. The resulting crisis of confidence threatens global prosperity in the increasingly interdependent world in which we live. There is, therefore, a need for a new international initiative to bring structural reform in the world's financial system with more effective regulation and stronger systems of multilateral consultations and surveillance. This must be designed in as inclusive a manner as possible.

English
Collect this quote

About Manmohan Singh

Manmohan Singh (Punjabi: ਮਨਮੋਹਨ ਸਿੰਘ; 26 September 1932 – 26 December 2024) was the 13th Prime Minister of India. Singh, a member of the Indian National Congress party and an economist, became the first Sikh Prime Minister of India on 22 May 2004.

Also Known As

Native Name: ਮਨਮੋਹਨ ਸਿੰਘ
Alternative Names: Dr Manmohan Singh Dr. Manmohan Singh
Limited Time Offer

Premium members can get their quote collection automatically imported into their Quotewise collections.

Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.

Additional quotes by Manmohan Singh

We speak about cooperation but seem hesitant to commit ourselves to a global offensive to root out terrorism, with the pooling of resources, exchange of information, sharing of intelligence, and the unambiguous unity of purpose required. This must change. We do have a global coalition against terrorism. We must give it substance and credibility, avoiding selective approaches and political expediency.

Go Premium

Support Quotewise while enjoying an ad-free experience and premium features.

View Plans
Loading...