In my September 2009 column, I wrote about proposals on strengthening bank capital requirements from (i) the Group of Twenty (G-20), which is composed of finance ministers and central bank governors of the major industrialized and developing countries and works toward consensus on key international economic matters, and (ii) the Basel Committee of the Bank for International Settlements, the group of international bank regulators that develops international bank capital standards.1
This month’s column will discuss the agreements announced by the G-20 in its closing statement after its most recent summit last month in Toronto, where a main focus of discussion was again financial reform.
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