Davos Open Forum 2009 - Global Financial Crisis

http://www.weforum.org/ 29.01.2009 Davos Open Forum 2009 - Introducing the Open Forum André Schneider, Managing Director and Chief Operating Officer, World Economic Forum Thomas Wipf, President of the Council, Federation of Swiss Protestant Churches, Switzerland Global Financial Crisis: What Lessons Should Be Learned? Governments and central banks had to save the global financial system from certain collapse. Until recently, free markets were seen as a condition for growth and development. Today, the discussion is about defining the most efficient regulation of the global financial system. Large bonuses for top managers and board members, valued at several million dollars, create outrage and indignation. 1) What consequences can be drawn from the financial crisis? 2) Do we need additional regulation? 3) How can an optimal and effective global framework be established? 4) What are suitable bonuses? Who should determine them? This session is co-organized with the Federation of Swiss Protestant Churches (SEK-FEPS). Martine Brunschwig Graf, National Councillor of Switzerland Ivan Pictet, Senior Managing Partner, Pictet & Cie Private Bankers, Switzerland; Member of the Foundation Board of the World Economic Forum Jean-Pierre Roth, Chairman of the Governing Board, Swiss National Bank, Switzerland Rudolf Strahm, Price Supervisor, Federal Department of Economic Affairs, Switzerland Peter Ulrich, Director, Institute for Business Ethics, University of St Gallen, Switzerland Moderated by Urs Leuthard, TV Host, Swiss Television SF DRS, Switzerland