Precautions needed to avoid future financial crises.

Byline: Edward West

Precautions needed to avoid future financial crises EDWARD WEST Finance Editor THERE is a danger that the commitment by governments to reform financial systems after the global financial crisis will fade in the euphoria of rising stock markets and asset prices this year.

This was according to Absa CEO Maria Ramos, who spoke at the Wits Graduate School of Public & Development Management Finance on Wednesday night.

She said the seeds of the next financial bubble may arise from the incomplete reform of the crisis, as the intense pain of the crisis fades.

The Group of 20 countries had agreed tough new regulations were required …