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
Co-operation among the G20 is crucial now that the European economy has slowed once again
Most financial services firms are taking a proactive approach in preparing for possible business disruptions; laggards should start planning now