Agreed Action Plan
To this end we are implementing the Action Plan agreed at our last meeting, as set out in the attached progress report. We have today also issued a Declaration, Strengthening the Financial System.
We instruct our Finance Ministers to complete the implementation of these decisions in line with the timetable set out in the Action Plan. We have asked the FSB and the IMF to monitor progress, working with the Financial Action Taskforce and other relevant bodies, and to provide a report to the next meeting of our Finance Ministers in Scotland in November.
CONTEXT(Help)
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The G-20 London Summit 2009 »The G-20 London Summit 2009
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G-20 Summit Communiqué »G-20 Summit Communiqué
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Strengthening financial supervision and regulation »Strengthening financial supervision and regulation
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Agreed Action Plan
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Establish a new Financial Stability Board »Establish a new Financial Stability Board
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Extend oversight to all systemically important entities »Extend oversight to all systemically important entities
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Extend regulatory oversight to Credit Rating Agencies »Extend regulatory oversight to Credit Rating Agencies
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FSB and IMF to provide early warning of risks »FSB and IMF to provide early warning of risks
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Prevent excessive leverage and require buffers »Prevent excessive leverage and require buffers
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Reshape systems to take account of macro-prudential risks »Reshape systems to take account of macro-prudential risks
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Single set of high-quality global accounting standards »Single set of high-quality global accounting standards
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Sustainable compensation schemes »Sustainable compensation schemes
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Take acton against non-cooperative jurisdictions »Take acton against non-cooperative jurisdictions
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