G20: London Summit

House of Lords written question – answered on 20th April 2009.

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Photo of Lord Dykes Lord Dykes Spokesperson for Foreign and Commonwealth Affairs, Spokesperson for Environment, Food and Rural Affairs

To ask Her Majesty's Government whether the G20 Summit on 2 April was successful in introducing world-wide regulation of financial institutions.

Photo of Lord Myners Lord Myners Parliamentary Secretary, HM Treasury

At the 2 April summit, leaders committed to "take action to build a stronger, more globally consistent, supervisory and regulatory framework for the future financial sector, which will support sustainable global growth and serve the needs of business and citizens". The full communique can be found at www.g20.org/pub_communiques.aspx.

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