We will identify those who drag their feet or bend the rules and hold them to account. The case for reform remains as clear today as it did when the G-20 began the process in 2008. Measures to strengthen financial stability support economic growth and create jobs rather than hold them back, even in the short term.
The current turmoil prompted the importance of consumers’ confidence in the financial system and more specifically depositors’ trust in their banks to avoid bank runs. This has prompted authorities around the world to further improve existing depositors’ protection schemes, sometimes by incorporating deposits at Islamic banks.