Central bankers warned that a global economic recovery shouldn’t delay an overhaul of financial-market regulations following the worst banking crisis since World War II.
Federal Reserve Chairman Ben S. Bernanke used a weekend Fed symposium to single out the creation of rules limiting risk as one of the “difficult challenges” ahead. European Central Bank President Jean-Claude Trichet said “green shoots” aren’t enough for him to declare the recovery sustainable and cautioned that officials must do “an enormous amount of work.”
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