Micro activities to be vital in preventing such global ructions (Interview)

Financial players and politicians alike are urging regulators globally to ensure that an economic crisis of such a magnitude will not happen again.

Regulators are thus cramming to analyse what went wrong so they can provide solutions and most importantly put up safeguards to prevent the likelihood of repetition.

Paul Koster, Chief Executive of Dubai Financial Services Authority (DFSA), admitted the trade of exotic products happened under the noses of regulators who in some cases did not realise what was happening and they did not intervene.