World leaders at the Group of 20 meeting this week should force
banks to build up their reserves substantially to avoid another acute financial crisis, a leading association of regulatory experts said.
behind the appeal from the European Shadow Financial Regulatory
Committee, a panel of academics and former regulators, is a fear that
the political momentum for deep-seated reform may be waning as the
financial crisis ebbs in intensity. Although a recent meeting of G-20
finance ministers in London discussed ideas for increasing the reserves
that banks must hold against losses, there was little sense of urgency.
Join us on our
Share this page with your friends
on your favorite social network: