Charles Dallara - Revitalizing Global Economic and Financial Cooperation

The speaker discusses the need for global solutions to financial crises, emphasizing the importance of adapting global architecture and challenging the notion of sovereignty. They highlight the need for global regulation, supervision, and risk management, and criticize the lack of global coordination. The speaker calls for a global treaty for financial services and a new institution to manage these frameworks. They stress the importance of addressing 'too big to fail' and propose a unified cross-border resolution regime. The speaker also critiques the IMF's effectiveness and suggests amending its articles for better global policy coordination.

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