Such umbrella supervision need not be in any significant way “intrusive”, nor should financial firms be burdened by the extension of bank-like regulation and supervision to their nonbank activities.
I am looking forward to making progress in all of the areas earmarked. At today’s and tomorrow’s meeting of G20 Ministers and Governors we will have a fruitful exchange of views on the global economy, on the progress in our financial regulatory reform agenda, on further reforms of the international financial architecture, and on investment financing, among other things.