The United Nations adopted on Friday an outcome document at a high-level meeting on world financial and economic crisis, calling for increased aid and financial reform.
"The current crisis has revealed many deficiencies in national and international financial regulation and supervision," it said, urging tougher regulation and supervision of "all major financial centers," including hedge funds, as well as financial products like derivatives.
In the outcome document approved during the economic conference on Friday, the United Nations (UN) stressed the need for increased aid to the developing countries.
The document said that even though major actions have already been taken to maintain macro-economic stability and strengthen the international financial system, strong and urgent actions are needed to counter the impact of the crisis on most vulnerable populations
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Here comes the Government, regulating and globalizing our finances.
"The current crisis has revealed many deficiencies in national and international financial regulation and supervision," it said, urging tougher regulation and supervision of "all major financial centers," including hedge funds, as well as financial products like derivatives.
In the outcome document approved during the economic conference on Friday, the United Nations (UN) stressed the need for increased aid to the developing countries.
The document said that even though major actions have already been taken to maintain macro-economic stability and strengthen the international financial system, strong and urgent actions are needed to counter the impact of the crisis on most vulnerable populations
___________________________________________________________________________
Here comes the Government, regulating and globalizing our finances.
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