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Balancing the reform of financial services

To build resilience with growth, G-20 regulators should not pursue safety past an untenable social and economic cost, choking off commerce and economic recovery.

The G-20 should shift its focus on regulatory reform to consider how the financial services sector can be encouraged to play a greater role in creating jobs and stimulating economic growth.

THE Group of Twenty (G-20) meets this weekend in Brisbane, Australia, in what is hoped will be the last time a significant political impetus is required to set global regulatory reform in financial services firmly on its way.

The key focus of the G-20 agenda will be job creation and...