prudential restraints

Dominique Strauss-Kahn, managing director, International Monetary Fund:

In the annals of economic crises then, where do we find ourselves?

Indeed, the work needed to build a more robust, stable, and safe global financial system has only just begun.

Remember, economic stability lays the groundwork for peace, while peace is a necessary precondition for trade and sustained economic growth.

What needs to be done? Global economic governance, including at the IMF, must be reformed to reflect the realities of the current era, and global financial-sector supervision and regulation need to be strengthened.