Chidambaram heads to Davos for World Economic Forum meeting
Finance Minister P. Chidambram has on a four-day official visit to Davos, Switzerland, to attend a meeting of the annual World Economic Forum (WEF).
The meeting is being held from January 21 to 24.
During his stay in Davos, Chidambaram will meet with world industry leaders, investors and entrepreneurs from around the world.
He also will be attending sessions on 'The India Outlook', 'The Path to Regulatory Reform', 'Bricks in Midlife Crisis', 'Rethinking Financial Governance and the Role of Financial Services in Society and India' and 'Renewing Partnerships, delivering Growth' among others.
In the backdrop of the global economic realities, the basic theme of Chidambaram's visit is to discuss agenda to restore investors' confidence and to sustain growth, discuss the prospects of further reforms, the priorities of capital markets and inclusive policy making among others.
Simultaneously, even after more than five years of the global financial crisis of 2008, financial institutions and policy-makers continue to grapple with myriad issues facing the financial services industry, there is a need for organisations to look not just at prudential regulation, but also financial conduct.
Stakeholders will identify the best approaches to address the remaining vulnerabilities in the global system, in a coordinated manner to restore public trust in the financial sector.
Senior policy makers of the world will share perspectives on future policy directions across regions and on how best to work together to balance their shared responsibilities in the future.
How can industry build a better engagement model that achieves an appropriate balance of responsibilities between supervisors and the financial institutions they oversee?
Chidambaram will return on January 25.
(Posted on 23-01-2014)