The world's multiple regional development banksneed to work together better and shake things up or risk becoming irrelevant, the head of the European Bank for Reconstruction and Development (EBRD) said on Wednesday. Suma Chakrabarti said the creation of the BRICS development bank and a China-led effort to launch the Asian Infrastructure Investment Bank were a criticism of the existing system for not adapting quickly enough to incorporate new power structures and the needs of emerging markets China has chafed at its limited voice at other international financial institutions, including the World Bank, International Monetary Fund (IMF) and Asian Development Bank. Credit : Reuters