Financial Stability Board

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G20 Summit: "Tough Regulations" Or Just "Business As Usual"?

Sept. 28, 2009 - At the end of the 2 days G20 summit that was held in Pittsburgh, US president Barack Obama declared that "the world's leading nations have agreed tough new regulations to prevent another global financial crisis".

According to the Financial Stability Board, which coordinates the Group of 20 regulation initiatives, "there has been good progress in strengthening the financial system to apply lessons from the credit crunch". (read FSB report on G20 financial rules progress).

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Created by Keiros 50 weeks 6 days ago – Made popular 48 weeks 23 hours ago
Category: Economy   Tags: