G-7 Finance Ministers and Central Bank Governors, met in Washington to discus the recent developments in global financial markets, including hedge funds, and agreed to monitor the implications of these developments. Referring to the PWG report, Henry Paulson stated that the U.S. federal regulators and policymakers unanimously moved to give unified, forward-leaning guidance for market participants for enhanced vigilance and market discipline.
“Market-led and official initiatives focused on issues around private pools of capital intended to strengthen market discipline, risk management, market infrastructure, information and valuation practices, are essential contributions to global financial stability”, the statement of the group says.
The discussion also focused on the issue of mutual recognition of comparable regimes. We “look forward to further progress being made on cross-border access by investors to our securities markets”, the group states.
“In today's global marketplace, I believe this is an idea well worth considering and I will be supportive of our regulators' efforts to make progress in this area”, Paulson added.
Full G-7 statement
Statement Paulson
© US Treasury
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article