By José Viñals
Financial system reform has reached a critical point around the world. Pressure is building from the financial industry to slow reform and concerns about fiscal conditions risk drawing public and political energies away from the need to act on financial sector problems. Fortunately, the Group of Twenty (G-20) reaffirmed its commitment at a summit in Toronto on June 26-27 to a comprehensive reform agenda—and we must seize the moment.
Filed under: Advanced Economies, Economic Crisis, Financial Crisis, Financial regulation, Globalization, IMF, International Monetary Fund, Multilateral Cooperation | Tagged: financial reform, financial sector regulation, Financial Stability Board, FSB, G-20, nonbanks, Toronto summit, World Bank | 5 Comments »