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2/08/2011

French Fin Min: G-20 Must Protect Financial Product Consumers

PARIS (Dow Jones)--French finance minister Christine Lagarde Tuesday said she will ask her G-20 counterparts to define common principles on protecting consumers of financial products.

Consumer rights should be high on the agenda of the Group of 20 leading economies, Lagarde said in a statement ahead of next week's meeting.

She said she would ask finance ministers to map out a common position ahead of the G20 summit in October and will coordinate with the OECD to organize a conference on the subject.

She outlined several priorities, including transparency on banking fees and health insurance policies.

Source: http://online.wsj.com

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