World's eyes turn to the Excel centre
After fiery clashes in the City yesterday (April 1), the world's attention has turned to the meeting of world leaders at the Excel centre in Royal Docks.
Topics under discussion include a strengthening of regulation and the promotion of integrity in financial markets.
The first working group will make recommendations to improve standards in accounting and disclosure, while another will deliver proposals to enhance co-operation in regulation and "protect the global financial system from illicit activities".
The role of the IMF will also play a key part in discussions, with reviews planned of the body's effectiveness and its current resources.
Reforms of the structures of individual banks around the world will be discussed, in a bid to reflect the variable effects of the downturn on various countries.
G20 finance ministry and Central Bank deputies have agreed to push for "closer macroeconomic co-operation" to restore growth in countries across the world.
Keep checking wharf.co.uk for updates live from the summit throughout the day.
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