A global survey conducted jointly by the Banking Commission of International Chamber of Commerce (ICC) and International Monetary Fund (IMF) has expressed the urgent need for steps to be taken to find solutions to the current global financial crisis on a international level. The survey has warned the countries worldwide that the use of uncoordinated national methods and the layering of regulatory requirements could put more stress on the already faltering trade flows which will in turn affect worldwide growth negatively.

The survey has highlighted two-speed financial system. While the outlook for Asia is strong, at the same time, the prospects for the Euro area are seen to be weakest. The survey says that the global economic scenario is forcing nations to reconsider how the business and policymakers interact and face the challenges to come out of the financial crisis.