G20 to discuss proposal on financial risk

Leaders at the G20 summit next week will study a recommendation that they adopt policies to address risk in the global financial system, a Canadian official said on Friday.

“The leaders will be discussing a recommendation on the need to complement the current approach to financial sector regulation, with policy mechanisms that address systematic risk more directly,” said Jack Aubry, a spokesman for the Finance Ministry in Ottawa. Source

March 29, 2009 Posted in: Finance, Regulation and compliance