G-20 plans global systemic risk regime

LONDON - A declaration by the Group of 20 leading economies (G-20) fleshed out plans for a global regime of systemic risk regulation, "covering regulated banks, shadow banks and private pools of capital to limit the build-up of systemic risk".

A communiqué issued after the group's London summit on April 2 said the plans would establish "much greater consistency and systemic co-operation between countries".

At the centre of the proposals lay plans to increase the role of the Financial Stability

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