Bankers, regulators gather in Frankfurt

FRANKFURT (Reuters) - Bankers and regulators gather in Germany's financial hub in Frankfurt to debate what lessons to draw from the financial crisis and deflect criticism that financiers' greed plunged the world into recession.

German Chancellor Angela Merkel, top central bankers, regulators and chief executives are among the 500 speakers set to address 10,000 participants at the annual Euro Finance Week event that starts on Monday.

"Bankers have shown that it doesn't take long to destroy trust," said Wolfgang Gerke, president of the Bavarian Finance Centre and a professor at the European Business School.

"This will be an opportunity to help earn some of that trust back, but this process will take a long time."

Jacques de Larosiere, the former Bank of France governor tasked with drawing up plans for a regulatory overhaul in the European Union, will outline his ideas on supervision.

European Central Bank President Jean-Claude Trichet will talk about "Tomorrow's Monetary Order and Financial Markets" as policymakers debate when and how to withdraw some of the stimulus steps that have helped prop up the banking system.

Fellow ECB executive board member Juergen Stark will address whether new strategies are needed as politicians question the effectiveness of central banks as guardians of financial stability.

With bankers under fire for continuing to award eye-popping bonuses, Deutsche Bank (DBKGn.DE) Chief Executive Josef Ackermann, who is also chairman of the Institute of International Finance banking association, will talk about new market structures and regulatory changes. (Reporting by Edward Taylor; Editing by Jon Loades-Carter)