(Reuters) - Global financial leaders will thrash out details of individual country pledges to boost growth and overhaul their economies at this week's meetings in Washington, a senior Australian official said on Tuesday.
Showing posts with label global financial leaders. Show all posts
Showing posts with label global financial leaders. Show all posts
4/06/2011
New G20 Bank Rules Insufficient To Fix Financial System
New banking rules agreed upon by global financial leaders aren't sufficient to ward off the type of financial crisis the world is still recovering from, the International Monetary Fund warned Wednesday.
To help fix the problem, the fund is proposing new tools to measure the impact a financial institution can have on the system as a whole. Once authorities have a good picture of the systemic importance of a firm, they could then confidently require a company to pay a proportional fee to guard the entire system.
To help fix the problem, the fund is proposing new tools to measure the impact a financial institution can have on the system as a whole. Once authorities have a good picture of the systemic importance of a firm, they could then confidently require a company to pay a proportional fee to guard the entire system.
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