|
|
G20 London Summit > Hot Issues
|
Consensus reached on wide range of issues(China Daily)
Updated: 2009-04-03 09:12 LONDON: G20 leaders agreed on the following key points: More regulation: All "systemically important" financial institutions, instruments and markets must be regulated, including hedge funds - opaque investment vehicles favored by institutional investors and the very rich. Executive pay: New principles on pay and compensation to avoid pay schemes that encourage excessive risk taking and reward failure. Tax havens: Non-cooperative offshore tax havens will be named and shamed, and could face sanctions if they do not agree to accept international rules. Governments have laid out huge sums and face larger deficits, and are in no mood to see tax revenue slip away. Rating agencies: These companies, much criticized for giving high ratings to securities that turned out to be risky, should face an international code of good practice to eliminate conflict of interest. Critics say security issuers pay for the ratings and that this constitutes a conflict. Bank reserves: Banks should build up more capital in good times to buffer against downturns, but only after recovery occurs. Many banks have needed new capital during the crisis. IMF: Another $1 trillion for the world economy through the International Monetary Fund, which lends to governments in financial trouble, and other institutions. Trade: Rejection of trade-blocking measures to protect individual economies, plus another $250 billion in financing to help trade flows. AP |
       |
安阳市| 扶绥县| 甘谷县| 黄浦区| 卢氏县| 威信县| 武义县| 永昌县| 务川| 柞水县| 南岸区| 武乡县| 海口市| 淳化县| 舒兰市| 交城县| 阳东县| 土默特右旗| 塘沽区| 镇康县| 开封县| 井研县| 武定县| 七台河市| 东光县| 辛集市| 卓资县| 桂阳县| 宁安市| 寻乌县| 淳化县| 昔阳县| 瓮安县| 巴中市| 类乌齐县| 天等县| 朝阳市| 尚义县| 安仁县| 右玉县| 龙门县|
