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Jakarta Post
The Jakarta Post
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Improve bank regulations to avoid crisis, Soros says

  • Aditya Suharmoko

    The Jakarta Post

Jakarta | Thu, February 11 2010 | 11:57 am

PREMIUM Billionaire financier George Soros, upon his visit to Jakarta on Wednesday, again stressed the need to improve global bank regulations to avoid another economic crisis.

Soros has repeatedly said that regulators have for years conducted hands-off policies that have allowed banks and other big companies to take risks that could endanger the financial system.

“The whole banking syste...