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Support market discipline
Regulators and supervisors must support market discipline.
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Explain
⌅
The G-20 London Summit 2009
The G-20 London Summit 2009☜The Group of Twenty (G-20) Finance Ministers and Central Bank Governors, which was established in 1999, is gathering in London on 2nd and 3rd April 2009 to discuss and address the current global financial and economic crisis.☜F1CEB7
⌃
G-20 Summit Communiqué
G-20 Summit Communiqué☜The London Summit – Leaders’ Statement issued by the G-20 leaders, 2 April 2009 (Open the Expanded text for the full text of the communiqué). #LondonSummit2009☜FFB597
⌃
Strengthening financial supervision and regulation
Strengthening financial supervision and regulation☜Major failures in the financial sector and in financial regulation and supervision were fundamental causes of the crisis. Confidence will not be restored until we rebuild trust in our financial system.☜59C6EF
⌃
Goals for strengthened regulation
Goals for strengthened regulation☜Strengthened regulation and supervision must promote propriety, integrity and transparency; guard against risk across the financial system; dampen the financial and economic cycle; reduce reliance on inappropriately risky sources of financing; and discourage excessive risk-taking.☜9FDEF6
■
Support market discipline
Support market discipline☜Regulators and supervisors must support market discipline.☜9FDEF6
□
Avoid adverse impacts on other countries
Avoid adverse impacts on other countries☜Regulators and supervisors must avoid adverse impacts on other countries.☜9FDEF6
□
Dampen rather than amplify the financial and economic cycle
Dampen rather than amplify the financial and economic cycle☜Strengthened regulation and supervision must dampen rather than amplify the financial and economic cycle..☜9FDEF6
□
Discourage excessive risk-taking
Discourage excessive risk-taking☜Strengthened regulation and supervision must discourage excessive risk-taking.☜9FDEF6
□
Guard against risk across the financial system
Guard against risk across the financial system☜Strengthened regulation and supervision must guard against risk across the financial system.☜9FDEF6
□
Keep pace with innovation in the marketplace
Keep pace with innovation in the marketplace☜Regulators and supervisors must keep pace with innovation in the marketplace.☜9FDEF6
□
Promote propriety, integrity and transparency
Promote propriety, integrity and transparency☜Strengthened regulation and supervision must promote propriety, integrity and transparency.☜9FDEF6
□
Protect consumers and investors
Protect consumers and investors☜Regulators and supervisors must protect consumers and investors.☜9FDEF6
□
Reduce reliance on inappropriately risky sources of financing
Reduce reliance on inappropriately risky sources of financing☜Strengthened regulation and supervision must reduce reliance on inappropriately risky sources of financing.☜9FDEF6
□
Reduce scope for regulatory arbitrage
Reduce scope for regulatory arbitrage☜Regulators and supervisors must reduce the scope for regulatory arbitrage.☜9FDEF6
□
Support competition and dynamism
Support competition and dynamism☜Regulators and supervisors must support competition and dynamism.☜9FDEF6
□
Graph of this discussion
Graph of this discussion☜Click this to see the whole debate, excluding comments, in graphical form☜dcdcdc
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Entry date (GMT):
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