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Monday, 31 May 2010 - Fed's Bernanke urges G20 to pull together reforms
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    Read more with google mobile : Fed's Bernanke urges G20 to pull together reforms

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Fed's Bernanke urges G20 to pull together reforms AFP - 2 hours 49 minutes ago Send IM Story Print Fed's Bernanke urges G20 to pull together reforms SEOUL (AFP) - – US Federal Reserve Chairman Ben Bernanke on Monday called for the Group of 20 world powers to more closely coordinate financial reforms in a bid to strengthen the global economy. Addressing a Bank of Korea conference via video link, Bernanke said there was a need for "extensive international cooperation" as governments overhaul market rules in the wake of the global economic downturn. "On a global level, the leadership of the... G20 -- which Korea is currently chairing -- will be essential in ensuring that reforms are not only strong and effective but also consistent and coordinated across countries," he said. G20 finance ministers will meet in Busan, South Korea, later this week with talks likely to be dominated by the continued fallout from the global crisis. "Strengthening the international financial system and ensuring that financial institutions are carefully regulated, well capitalised, liquid, and transparent will require extensive international cooperation," Bernanke said. Across the globe, governments are drawing up new measures to curb the excesses of financial institutions blamed for pushing many economies to the brink. But critics say national efforts will be largely ineffective in an age when banks and investment houses can make cross-border trades in a fraction of a second. G20 ministers will also grapple with the ongoing European debt crisis, which has called into question the strength of the global economic recovery. G20 leaders will meet in Canada in late June. Recommend Send IM Story Print News Search Top Stories Celine Dion pregnant with twins: report England football hopefuls wait on Capello call Fed's Bernanke urges G20 to pull together reforms Clashes as Israeli forces storm Gaza aid boat: Hamas TV BA runs 'more flights than planned' despite strike More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Egypt unearths tomb of pharaonic army chief The point about pain: New study sheds light on acupuncture Aid ships set out to bust Gaza blockade Celine Dion pregnant with twins: report Lindsay Lohan wants a Chanel alcohol tag More Most Viewed » Scientists stunned as grey whale sighted off Israel Hubble catches planet being devoured by its star Earth may be too hot for humans by 2300: study Ocean fish could disappear in 40 years: UN Paris museum burglar grabs 120-million-dollar art haul More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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