Daily Management Review

Regulation On Financial Market Needs Strengthening For G20 Nations: German Spokesperson


02/27/2017


The president of G20 seeks to safeguard “multilateral cooperation”.



One of the spokesperson from the German government today said that it is a must that the government from the leading economies of the G20 nations ramp up their efforts towards strengthening the regulations of the financial market.
 
Talking about the regulation of the financial market, Steffen Seibert, stated:
“We're not yet there where we want to be”.
 
Seibert also added that removing the G20 group would slow down the “progress on the issue”, in fact it would not have covered so much ground in the first place. This year, Germany is at the helm of these G20 nations as the president, whereby the “Chancellor Angela Merkel” seeks to utilise the said platform for safeguarding “multilateral cooperation” following the U.S. President, Donald Trump’s policies of “America first”, while the latter has “questioned international alliances and obligations” in the process.
 
Furthermore, President Trump has issued orders for reviewing “major banking rules” that have been functional since the “financial crisis”. According to reuters:
“German Finance Minister Wolfgang Schaeuble said earlier this month he would try to dissuade his U.S. counterpart Steven Mnuchin from deregulating the financial markets”.
 
 
 
 
References:
http://www.reuters.com







Science & Technology

Europe overtakes US by number of patents for self-driving car technologies

Samsung introduces display technology for folding screens

How retailers use technologies to increase sales

Facebook releases videochat devices Portal and Portal Plus

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

World Politics

World & Politics

Bloomberg: Theresa May can face catastrophic defeat in parliament

New Asian Foreign Policy May Be Set By Congress After Democrats Taking Control Of House

Italy refuses to change draft budget

Italy is about to tighten its migration policy

Macron calls to create a pan-European army

Signals Of Mending Of US-China Emerge Before Anticipated G20 Meet

Moscovici: the European Commission may impose sanctions on Italy

US’s Iran Ban Comes Into Force, US Dodges Question On Exemption Of India & China