OREANDA-NEWS. January 24, 2014. Herman Gref took part in the “Global Financial Outlook” session, held at the annual meeting of the World Economic Forum in Davos. Participants’ discussions included the impact of continued soft monetary policy, the effects of tightening and harmonizing financial regulation, and long-term and alternative investment opportunities.

During the discussion, Herman Gref noted that Europe has the most difficult banking regulation. "In the face of the uncertainty currently affecting the markets, we should have oversight that is flexible and not overregulated, - adding - Uncertainty is a new reality, and we must learn to live by its laws”.

Herman Gref also announced Sberbank’s business breakfast, which will be held in Davos on January 24. The topic of the breakfast is “State institutions or a strong government: what is more important for economic growth?”