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Regulate Banks. Now. Everywhere: Stiglitz

Friday, 29 Jan 2010 | 3:05 AM ET

Officials in Davos should try to reach a global consensus about the need for a new regaultory regime for banks, Nobel laureate Joseph Stiglitz said Friday. Bankers have incentives to take risk and one way to restrain them would be limiting the leverage that banks can have, he added.