Nouriel Roubini: Financial Reforms 'Cosmetic,' Won't Stop More Crises

07/19/2010 05:12 am ET | Updated May 25, 2011
  • Barbara Stcherbactcheff CNBC

Current efforts to reform financial regulation are "cosmetic" and won't prevent another crisis, economist Nouriel Roubini told an audience on Tuesday at the London School of Economics.

"The way I think about this crisis is not in terms of black swans (a sudden, rare event), but white swan events," Roubini said. "Crises are much more common than we think."

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