The World Economic Forum in Davos has begun with bankers and regulators clashing on plans for more regulation.
“We need good regulation, better regulation but not more regulation,” Lord Levene, chairman of the insurance market Lloyd’s of London said.
Barclays head Bob Diamond also suggested that more rules would drive banks out of London and New York.
Full story: BBC News – Davos 2010: Bankers hit out at regulation plans