G20 finance ministers favour global standards

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13 Nov 2008

The G20 Finance Ministers and Central Bank Governors met in Sao Paulo, Brazil, on 8-9 November 2008. The meeting focussed primarily on the causes of and policy responses to the global financial crisis, as prelude to the upcoming G20 Heads of State meeting in Washington on 15 November.

The Final Communique (PDF 84k) of the meeting mentioned accounting as follows: "We also agreed that financial institutions should have common accounting standards".


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