G-20 Summit in Toronto: Highlights for the Financial Sector

Article by Jeffrey S. Graham , R. Andrew G. Harrison , Stephen J. Redican and Rebecca C.W. Chan

The G-20 Toronto Summit of June 2010 agenda focused on recovery from the global economic and financial crisis and the implementation of commitments from previous G-20 Summits, while laying the foundation for sustainable and balanced growth.

A brief synopsis of the financial sector related issues presented in the G-20 Summit Declaration, including Annex II (Financial Sector Reform) (the "Declaration") is provided below.

Building Upon Recent Accomplishments

The G20 recognized recent efforts to build a more resilient financial system, including the implementation of the European Union Stabilization Mechanism and Facility, the planned publication of the results of European bank stress testing and, most recently, the U.S. financial reform bill. At the same time the G-20 noted that more work is required.