G20 leaders at their Pittsburgh summit are poised to crack down on banker pay and pledge to better co-ordinate economic policies as they endorse a plan to force banks to tie compensation more closely to risk and tighten capital requirements, reports Bloomberg. On economic stimulus plans, the FT reports that the leaders are likely to maintain the language used by G20 finance ministers in London recently, pledging to develop exit plans but not to withdraw support “until recovery is secured”. Despite differences over IMF reform and global imbalances, they will sign up to a framework for balanced global growth.

This entry was posted by Gwen Robinson on Friday, September 25th, 2009 at 4:46 and is filed under Capital markets, People. Tagged with g20. Edit this entry.