New bank capital standards will be phased in by the end of 2012
No agreement on a plan to repair the world’s economy
Tax a distraction from more pressing G20 reforms
Levy intended to encourage banks to move to less risky funding profiles
Continued vigilance needed with the economic recovery still fragile
Carney calls for radical reforms to aid recovery
Market surveillance staff will be working off-site
Momentum for reform will die if process does not move ahead now, says Conference Board report
Proposed tax would help pay for economic rescue packages
Measures requiring insurers to pay for the cost of failures in other sectors would be inappropriate