G-20: High hopes
“We want growth without cycles of boom and bust and markets that foster responsibility not recklessness” – G-20 leaders at the Pittsburgh summit
PITTSBURG, PA - Expectations and hopes were riding high as the leaders of the world's G-20 group of countries met and concluded a meeting that produced more agreement than many thought likely.
The leaders promised to move ahead with tough new financial markets regulations. Firms will face stricter capital requirements and bankers' pay, one of the more controversial issues, will be guided by "international standards" to curb excessive risk-taking."Capital allows banks to withstand losses and is
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