The G20 Track Record in Disciplining the Financial Sector (December 2012)

Rethinking Bretton Woods | Sat, Dec 1, 2012

By Aldo Caliari

In an article appeared in the last G20 Update – a newsletter published by the Heinrich Boell Foundation— RBW Project Director Aldo Caliari analyzes what has been the progress so far on the different areas of reform of the financial system pledged by the Group of 20.

The article surveys progress in the following areas: financial institutions which are “too big to fail”, derivatives, banking capital requirements, credit rating agencies, shadow banking, financial transparency and tax havens, and IMF reform.

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