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

Large U.S. Study Finds Detection Of Irregular Heart Beat By Apple Watch

Apple to present Netflix competitor at the end of March

Live Human Under-Skin Chip Implantation Takes Place At Barcelona

IDC: Wearable tech gadgets market is booming

Second Patient In 12 Years Becomes HIV Free By Bone Marrow Transplantation

Car-Sharing Platforms Could hold The Key To 5G & Auto Industry Collaboration

Bezos tells about his space plans

Fast Company: Apple isn't the most innovative anymore

U.S. Space Program Could Be Delayed Due To SpaceX, Boeing Design Risks: Reuters

What trends will be affecting the health sector in the coming years?

World Politics

World & Politics

China's expansion into Europe: Italy’s ports are next

US watchdog is accused of violating aircraft certification process

Large Section Of Citizens Unhappy With Public Services & Benefits: OECD Survey

Largest companies reveal volumes of plastic produced by them

US Warning To Germany About Intelligence Sharing Over Huawei Ban

Mercer reveals the world’s safest cities

No vaccinations, no school: Italy’s new law

Why the new Aachen Treaty cannot save France-Germany relation