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Support competition and dynamism

Regulators and supervisors must support competition and dynamism.

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The G-20 London Summit 2009
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G-20 Summit Communiqué
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Strengthening financial supervision and regulation
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Goals for strengthened regulation
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Support competition and dynamism
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Avoid adverse impacts on other countries
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Dampen rather than amplify the financial and economic cycle
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Discourage excessive risk-taking
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Guard against risk across the financial system
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Keep pace with innovation in the marketplace
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Promote propriety, integrity and transparency
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Protect consumers and investors
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Reduce reliance on inappropriately risky sources of financing
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Reduce scope for regulatory arbitrage
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Support market discipline
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