One of the most pressing issues is the implementation of Basel III. What is most worrying is that doubts about implementation have been voiced with respect to countries that are home to global financial centres and systemically important institutions. I consider it of utmost importance that all G20 countries live up to their self-commitment of leading by example.
At such times, it is important to keep our eye on the main goals - to sustain a long expansion, and to address early potential imbalances which could impede the expansion’s continuation.