BIS Crockett warns on 'knee-jerk' accounting cures

GERMANY - Governments should not react with 'knee-jerk' regulation to soothe public anger over accounting scandals, such as Enron and World Com, and should instead take a more considered, coordinated approach, the head of the BIS said in a newspaper on Wednesday.

Bank for International Settlements General Manager Andrew Crockett also told the Financial Times a world economic recovery was picking up steam and adjustments in the U.S. current account deficit and dollar were inevitable and could help

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