A financial professional reacts to market volatility on the floor of the New York Stock Exchange on March 6, 2009. Photo: AFP
Frank Jurgen-Richter
Opinion

Opinion

Frank Jurgen-Richter

The next financial crisis will be worse than the 2008 crash. Here’s how the world can prepare for it

  • Unilateralism, fragmented regulatory bodies, a depleted arsenal of tools at the disposal of central banks and increasingly complex financial markets will make it harder to deal with the next crisis
  • A multilateral effort, both from governments and the private sector, is our best hope

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A financial professional reacts to market volatility on the floor of the New York Stock Exchange on March 6, 2009. Photo: AFP
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