Monday, October 25, 2010

G20 Finance Ministers and Central Bank Governors push for global standards and consistency


A Communiqué has been issued from the meeting of the G20 Finance Ministers and Central Bank Governors held in Gyeongju, Korea on 23 October 2010.

Whilst the key outcomes from the meeting concern reform of the International Monetary Fund (IMF) and avoiding so-called "currency wars", the Communiqué also discusses the consistent global implementation of accounting, banking and regulatory standards. The Financial Stability Board (FSB) had previously met on 20 October 2010 to discuss key elements of these financial reforms.

See full Article.