G20 Seoul Summit Leader’s Declaration, 11-12 November 2010

Sectors : Economic governance and public finance management, Financial Institutions, markets, services and microfinance, Transparency and accountability
Organisation : G20
Date made: 
Heads Of State
G20-Seoul-Summit-Declaration-Nov-2010.pdf289.38 KB
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Commitments in: Governance - Economic governance and public finance management

“9. Today, the Seoul Summit delivers:

the Seoul Action Plan composed of comprehensive, cooperative and country-specific policy actions to move closer to our shared objective. The Plan includes our commitment to:...

...instruments to strengthen global financial safety nets, which help countries cope with financial volatility by providing them with practical tools to overcome sudden reversals of international capital flows.

core elements of a new financial regulatory framework, including bank capital and liquidity standards, as well as measures to better regulate and effectively resolve systemically important financial institutions, complemented by more effective oversight and supervision. This new framework, complemented by other achievements as outlined in the Seoul Summit Document, will ensure a more resilient financial system by reining in the past excesses of the financial sector and better serving the needs of our economies...”.