The global economy is in the middle of the worst financial crisis since the Great Depression and vast efforts have been made to improve it, but what can be done to prevent or protect stocks, exchange traded funds (ETFs) and other investment tools from losing significant market value in such a financial downfall?
There are seven principles that should define any system of global financial regulation and monitoring, states Blackstone CEO Stephen Schwarzman in an opinion piece for the Wall Street Journal.
First, he suggests that a common set of accounting guidelines and principles must be set up across borders. Next, he states that the federal regulatory agencies of the world’s major markets need to all be structured in the same manner.