Russia
G20 to draft new world economy rules by April summit - Kudrin
The summit of the G20 Group of industrial nations and leading emerging-market economies will be held on April 2 in London to discuss specific measures aimed at resolving the ongoing global financial crisis.
"The point at issue is the adoption of new accounting, auditing and banking reporting rules," Kudrin said, adding that Basel II Accord reporting rules had to be improved.
Kudrin also said it was necessary to introduce uniform financial standards aimed at maintaining macroeconomic stability.
Kudrin said Russia was in constant discussion with the financial authorities of leading economies and taking efforts to join as soon as possible the Financial Stability Forum, which is designed to play a key role in shaping a global financial architecture.
"These issues will be raised at the G8 summit of financial ministers in Rome to be held this week," Kudrin said.
The Financial Stability Forum (FSF) was established in 1999 to promote international financial stability through information exchange and international cooperation in financial supervision and surveillance.
The FSF comprises central banks, supervisory authorities and treasury departments of leading economies and international financial institutions.

Add to blog
You may place this material on your blog by copying the link.
Publication code:
Preview:

Send by e-mail
Leave a comment
Most read
Top multimedia

Image Galleries: Carina Nebula seen in a new light

Video: Stunning Time-Lapse of Northern Lights (Aurora Borealis)

Infographics: Password generator

Cartoons: This nervous, nervous, nervous world!








