There is a great debate in the main financial centres in relation to regulatory issues. Since the IMF is feared that an overreaction is generated on the topic. John Lipsky, the IMF number two said in this regard: is clear that we need more effective regulation, where it is clear that weaknesses in the regulatory framework in supervisory structures, have created systemic failures must have all the regulation we need, but no more. With this new global trend (are motivated by the conviction of the rationales, or as a way of freeing from guilt?), is clear that the period where promoted the deregulation of markets driven by the efficient markets hypothesis is increasingly distant.Thus, with more regulation and supervision in the global financial system, it will have less capacity for letting your imagination fly and develop new financial products. Another topic that will negatively affect the prospects of the international financial system, is what might happen with interest rates mainly in the United States.UU. and the euro zone. On the day of yesterday, the Fed decided to leave its benchmark rate unchanged, but beyond that, it became clear that the cycle of low rates has been left behind and that is by starting the bullish cycle, not by the will of the authorities of the Federal Reserve, but because of the urgent need which have, prevent inflation from becoming uncontrollable. From the other side of the Atlantic, in the euro area, the ECB admits he is in a State of alert high due to the intensification of inflationary risks.
Faced with this situation, the President of the ECB Jean-Claude Trichet, must be relieved by have avoided yielding to the pressures of those who sought a cut in the benchmark rate. Even, it is likely that Trichet is liked by increased rates, backed by the solid situation, According to the ECB, it keeps the economy of the euro zone. With more regulations and higher cost of money, the Outlook for the growth of the international financial system is not at all encouraging. Approaching a period where the international financial system will face an adverse context, when even it has failed to leave behind the crisis marks subprime. For this reason, most likely to the international financial system, take you longer than expected in principle, in order to recover. But this would not be the worst thing already that some banks first-line worldwide, they consider that it is possible is to untie a global financial crisis in the short term.
Newspaper Infobae, plays the Royal Bank of Scotland analyst Bob Janjuah councils customers where notes the possibility of a short-term crisis: soon will occur a very nasty period, so you need to be prepared. For Morgan Stanley, the opposing positions presented in monetary policies between the Fed and the ECB, can lead to the economy European to repeat the crisis in 1990, according to Infobae: see important similarities between transoceanic tensions that generated the crisis of 1990 and which are currently being produced. The dead-end of 1992 resulted in a serious crisis in the foreign exchange market and a recession throughout Europe. Clearly, good times will not be which lie ahead for the international financial system and this will hinder the emergence of profitable investments.