How to restore Trust in Financial Markets?
What approach or method should be used to restore the confidence in the financial markets and financial institutions? Why?
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Luc, Netherlands
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Stop the Bleeding first
Currently we are merely trying to deal with the crisis by "stopping the bleeding" (capital injections by governments, quick takeovers of problematic banks by larger financial institutions). This seems to make sense to me.
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Kevin B, USA
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Legislation
In a statement, President Bush just said he is disappointed by the congress and that the consequences for the economy will grow each day if we do not act. He says his administration must continue to work on the (current) legislation plan with the congress.
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Mary Adams, USA
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Monitor processes
It was reported on Friday in the NY Times on 2008/9/29 that the SEC was relying on voluntary compliance by Wall St firms of its regulations. Financial institutions need credit and risk management processes. In most cases, there should also be external auditing of these processes. Shareholders in these companies should actually be the ones demanding this kind of discipline.
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