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Benedicte Gravrand, Opalesque London:

Now that the World Economic Forum has ended, here is an update, relevant to the hedge fund industry and to the financial world at large, of what has been taking place on the regulatory scene, and of the ideas that emerged at Davos.

The World Economic Forum at Davos The 40th annual 5-day forum at the Swiss ski resort of Davos, which ended on Sunday, celebrated - with much restraint - the global economic improvement.

French President Sarkozy opened the World Economic Forum (WEF) with a call to action: "Countries with trade surpluses must consume more and improve the living standards and social protection of their citizens. Countries with deficits must make an effort to consume a little less and repay their debts."

According the WEF's website, participants resolved to rethink, redesign and rebuild the global economy to ensure principled growth and sustainability. These are among the high-level ideas and priorities that emerged from the Forum:

• redesign institutions to meet 21st century demands;
• Start a kind of "institutional reboot" to move the world from talking to doing;
• Consider "variable geometry" or pluralist solutions - so moving away from one-size-must......................

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