Discipline and standardization: a recipe Putin does not like the world's stock exchanges

Finansy27-01-2009 Discipline and standardization: a recipe Putin does not like the world's stock exchanges variety of world financial centers creates chaos in the markets. Russian Prime Minister Vladimir Putin is sure that it is impossible to achieve stability without the establishment of global rules, common to all financial market participants. Experts agree with the prime minister, but note that the protest is against the unification of the entire financial system. Russian Prime Minister Vladimir Putin said in an interview with an authoritative Bloomberg news agency suggested that in order to achieve stability of the global financial system should aim to introduce common rules for world financial markets. "We are quite able and entitled to speak about some kind of unification of the global financial markets. We all know that, unfortunately, there is still no uniform rules on international exchanges: the New York act one rule in London - the other, in Hong Kong - the third in Frankfurt - the fourth. It is clear that here, full unification is not a reality "- the president said. This situation has led to competition between the sites, he added. The result was the decrease of a certain level of discipline. "And yet released one of the regional sites and then start to" walk "around the world. It is such a thing that ought to be given, and in any case, to speak on this topic it is time ", - said Putin.