World's biggest banks to meet in London

World's biggest banks to meet in London

uk.reuters.com

The Japanese business daily said the British government would host the meeting on March 24, after a Group of 20 (G20) finance ministers meeting in London next weekend and ahead of a summit of G20 leaders there on April 2.

The G20 summit of big developed and developing countries in London aims to put the world economy on a path to recovery with banks facing strong calls for new regulations ranging from increased supervision of the financial sector to limits on executive bonuses.

Invitations to the meeting of bankers had been sent to leading institutions including JPMorgan Chase and HSBC, the newspaper said, without naming any sources.

Mitsubishi UFJ Financial Group president Nobuo Kuroyanagi would attend the meeting, which the paper said would discuss regulations to prevent further crises similar to the meltdown of the subprime mortgage market.

The London summit will follow last November's G20 crisis meeting in Washington and aims to agree on coordinated actions to revive the global economy, regulate the financial sector and principles for reforming international financial institutions.

In the lead up to the summit, European leaders have called for tighter global banking supervision while U.S. President Barack Obama has urged a sweeping overhaul of Wall Street regulations.

The European Commission's proposals range from tougher bank capital rules to streamlining supervision, more transparency in derivatives markets and proposals to penalise banks whose remuneration policies encourage excessive risk-taking.

China said on Saturday it wanted a major say in talks about reworking the global financial order and there should be more power for developing countries in the International Monetary Fund and World Bank.

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Related AboveTopSecret.com Discussion Threads:
G-7 Takes ‘Back Seat’ to G20!

Interesting developments amid the global financial crisis. A meeting of some of the world's biggest bankers is scheduled for this coming weekend in London.

This is a meeting that falls before the summit of the G-20. This meeting of the G20 will be held on March 13-14th, 2009 before the Summit scheduled for April 2, 2009.

There is another meeting scheduled for March 24th, 2009, various big banks attending.

Possibly there are just too many problems...too many people on the planet, and not enough money to go around? Or more global coordination is needed to hold the sinking ship afloat...till such the right time comes.

uk.reuters.com
(visit the link for the full news article)

reply to post by burntheships

london ,financial center of world , the place of the all powerful rothschild family

enough said

What a perfect time to drop a nuke!

Where's Iran when you need them.

Ya know.. if proper regulations are put in place for the fundamental aspects, you shouldn't have to limit CEO pay or bonuses.


When the economy is thriving people don't really care that others might be more successful than themselves... what they want is to keep food on the table and keep their lifestyle.

If we just put proper regulations on the market itself, where it makes sense, like "Don't sell junk loans into the foundation of our economy"

Go ahead and let the players play the game, but make sure the game doesn't allow the most successful players to ruin it for everyone.

reply to post by sadchild01


Well said my friend...

reply to post by verylowfrequency


I would settle for Iron Man to tell you the truth. All joking aside, your thoughts have company.

Scroll down and read the comments....that will blow off some steam!

digg.com...




[edit on 8-3-2009 by burntheships]

Maybe the world will get lucky and have the building burn down with them in it.

Originally posted by HunkaHunka
Ya know.. if proper regulations are put in place for the fundamental aspects, you shouldn't have to limit CEO pay or bonuses.

Agreed, determination of CEO pay and bonuses should not be restricted by the government. Proper regulations would have been suffictient if it were not for greed that drove the fraud that has been allowed by the government.

Originally posted by sadchild01
reply to post by burntheships

 

london ,financial center of world , the place of the all powerful rothschild family

enough said

i do concur with you mate,

this Reeks of NWO/CFR/Bilderberg scum

Missing from the G20 and the other big world banks are Luxembourg, Austria and Switzerland.

Curious? See indepth tracking in these two threads...

www.abovetopsecret.com...'

www.abovetopsecret.com...'

The G20 holds a summit in April and tackling tax havens is on its agenda but the three small countries with their long-cherished bank secrecy rules are not members of the group.

"The discussions that are taking place right now, unfortunately take place in organizations where our countries are not members, in particular the G20," Luxembourg's Treasury and Budget Minister, Luc Frieden, told a joint news conference with his Swiss and Austrian counterparts.

"We think it is unacceptable that among our European and American friends, we have not had the possibility to have a debate together," Frieden said.

The Organization of Economic Cooperation and Development which represents richer countries, has a blacklist of countries that won't fully cooperate in tax evasion probes and includes Andorra, Monaco and Liechtenstein in Europe.

Source



[edit on 8-3-2009 by burntheships]