|
|
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 |
       |
主站蜘蛛池模板： 滨海县| 龙州县| 平罗县| 广东省| 新疆| 金堂县| 瑞安市| 合水县| 济南市| 涡阳县| 万全县| 高阳县| 罗江县| 乌鲁木齐市| 濮阳市| 灵川县| 都安| 平顶山市| 衡山县| 德安县| 阆中市| 平远县| 弋阳县| 长治县| 安新县| 双牌县| 亚东县| 远安县| 苍南县| 政和县| 阿巴嘎旗| 常州市| 阜阳市| 乌什县| 酒泉市| 南通市| 灵璧县| 苍南县| 汕头市| 邵阳市| 永春县|
