Take acton against non-cooperative jurisdictions

Take action against non-cooperative jurisdictions, including tax havens. We stand ready to deploy sanctions to protect our public finances and financial systems. The era of banking secrecy is over.

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The G-20 London Summit 2009
G-20 Summit Communiqué
Strengthening financial supervision and regulation
Agreed Action Plan
Take acton against non-cooperative jurisdictions
What sanctions?
Establish a new Financial Stability Board
Extend oversight to all systemically important entities
Extend regulatory oversight to Credit Rating Agencies
FSB and IMF to provide early warning of risks
Prevent excessive leverage and require buffers
Reshape systems to take account of macro-prudential risks
Single set of high-quality global accounting standards
Sustainable compensation schemes
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