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    WASHINGTON SUMMIT: G20 leaders pledge to work together

    Sat, 11/15/2008 - 15:21 EDT - France24.com - Business
    • AFP
    • United States
    • World Economy

    The G20 summit gathered in Washington has laid out a series of areas for review by March 31 to restore the world's economies. These areas cover the regulation of financial markets, increased transparency and reform of compensation practices.

    • Original article
     

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    • Patchwork Fixes, Conflicting Motives, And Other Things To Avoid: Some Lessons From the Regulated Non-Financial Sectors

      This guest post was submitted by Peter Fox-Penner, a leading expert on regulation at The Brattle Group.  The views expressed here are those of the author alone. Improving the regulation of the financial sector is a prime topic of conversation amongst financial economists, and appropriately so.  Most agree that massive failures of financial regulation were one, if not perhaps the largest, cause of the 2008 meltdown.     

    • When the G20 stopped feeling like the G8-plus

      Western officials should have realised this Summit would be different when they arrived in Seoul to find their phones and blackberrys didn't work. The problem was that Korea's nationwide 4G network was too advanced. On early negotiating missions, key UK officials found themselves communicating with London via gmail, on rented phones. That was never a problem in Pittsburgh, or Toronto. But as George Osborne liked to point out, this was the first G20 Summit not hosted by a G8 country - and, he might have added, the first where G8 countries didn't call the tune.

    • G20: Obama on the back foot

      Seoul, South Korea: The global economy looks stronger now than it did at the G20 Summit in London last spring. But the will to cooperate looks a lot weaker - and so does President Obama.  

    • World leaders pledge action plan to fight crisis (Reuters)

    • U.S. pitches free markets ahead of G20 summit (Reuters)

      Reuters - As world leaders headed to Washington for a weekend summit on the global financial crisis, the United States made a pitch for modest reforms instead of the stiffer regulation that some European countries favor.

    • Bush comes out fighting for free markets

      George W. Bush delivered an impassioned defence of the free market system ahead of the G20 summit in Washington, serving warning that his administration would resist efforts to impose heavy-handed regulation on global financial markets

    • Primary Documents: Obama on Financial Regulatory Reform

      Barack Obama gave a speech this afternoon announcing his financial regulatory reform package. I've copied the text of the speech below, and bolded the bits I thought most interesting. One thing to note: The administration made a point of including international cooperation on financial regulation in their early documents. But it doesn't show up in Obama's speech here.

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