G20 working group: global coordination key

International regulatory standards should be coordinated to ensure a common and coherent global framework, says a report from a working group prepared for the G20 London summit.

The report says that standards on macro-prudential regulation, the scope of regulation, and capital adequacy and liquidity buffers should be coordinated and then applied by national financial authorities in their countries consistent with national circumstances. The report also finds that international standards for

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