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“We strongly welcome the extraordinary actions taken by the United States and recognize the importance of making regulation more effective and bringing investors back into a liquid and stable marketplace”, Finance Ministers and Central Bank Governors remarked during a conference call to discuss global financial markets.
“We remain committed to full and rapid implementation of the Financial Stability Forum (FSF) recommendations to enhance the resilience of the global financial system for the longer term”. They continue looking forward to the FSF report this fall on progress made in strengthening prudential supervision and regulation, improving firms' risk management practices, enhancing disclosure and transparency, and strengthening accounting frameworks.