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WEF creates task force with Carney, Rajan to study global financial system

Tue, 26th Jan 2016 13:23

LONDON, Jan 26 (Reuters) - The World Economic Forum (WEF)has created a new task force with Bank of England Governor MarkCarney and his counterpart at the Reserve Bank of India,Raghuram Rajan, to study the future of the global financialsystem.

The group, which also includes Bank of America Chairman andCEO Brian Moynihan and HSBC Chairman Douglas Flint, met for thefirst time at the forum's annual meeting in Davos last week, theWEF said in a statement on Tuesday.

Michael Corbat, CEO of Citigroup, and BlackRock Chairman andCEO Laurence Fink are also members, along with Min Zhu, deputymanaging director of the International Monetary Fund, and LiuMingkang, a research fellow at the Chinese University of HongKong.

The task force will look at emerging markets, technology,regulatory and monetary policies, loss of trust in financialservices, and financial inclusion.

"The task force will continue to explore these themes andothers throughout 2016, with the ultimate objective ofpublishing a more comprehensive suite of recommendations andactions during the Annual Meeting 2017 in Davos," the WEF said.

(Reporting by Huw Jones, editing by Andy Bruce)

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