G20 Fundamentals #2
Series
"This article assesses the G20's performance against its commitments to reform the financial sector in seven areas:
1) Financial institutions which are "too big to fail"
2) Derivatives
3) Bank capital requirements
4) Credit rating agencies
5) Shadow banking system
6) Financial transparency, bank secrecy and tax havens
7) Reform of the International Monetary Fund (IMF)
It concludes that, to safeguard the international financial and economic system from future crises, the G20 will need to improve its effectiveness.
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