G20 leaders call for economic cop
By Andrea Lavigne
|
03 Apr 2009
World leaders at the G20 Summit in London called for the creation of a global financial stability board to ensure a global financial crisis isn't repeated.
In an effort to enforce new international regulatory measures on financial institutions, the leaders agreed to create a college of regulation the will closely scrutinise the actions of national financial regulators to protect the world economy.
Their plans also require banks to lift capital reserves and the continuation of national stimulus packages to boost spending.
The leaders also agreed to resist temptations of protectionism.
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