G-7 promises to complete bulk of crisis reforms this year

Too-big-to-fail issue, swap market overhaul and shadow banking all on to-do list

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Leaders of the Group of Seven (G-7) countries today pledged to finish the bulk of their outstanding post-crisis financial reforms this year. Christine Lagarde, managing director of the International Monetary Fund (IMF), told a conference last week that progress towards those goals has been "too slow". In a declaration published following a two-day meeting in Brussels, the group said: "We agreed that 2014 will be the year in which we focus on substantially completing key aspects of the core fi