The leaders of the G20, the group of the world’s richest and fast-developing countries, are scheduled to meet on 26-27 June in Toronto, where they will review progress in delivering promises made at earlier G20 meetings on the supervision of financial services.
Speaking at the end of the European Council on 26 March, European Commission President José Manuel Barroso said that there were “worrying signals” that reform of financial services supervision was being watered down. Not all the EU’s international partners showed the same commitment to keep the emphasis on financial reforms and fighting protectionism, he said.
In a statement, EU leaders called for “rapid progress” on strengthening financial regulation and supervision within the EU and in international groups such as the G20 so that a level playing-field was achieved.
Barroso said the EU would agree laws on hedge funds, bank credit and capital requirements before the Toronto meeting.
Click Here: pinko shop cheap