Despite the difficulty of reaching consensus, multilateral financial reform is crucial
Financial crisis highlighted need for change
Legislation to create new regulatory authorities expected in the current Parliamentary session
Group issues proposal on adopting countercyclical capital buffers
Bernanke welcomes passage of reform legislation
Survey reveals that risk management costs will continue to escalate
Derivative exchanges could see increased trading and clearing volumes
Leaders agree on the need for financial regulatory reform, but are far from settled on what is required
Strengthening balance sheets in the financial sector is the precondition for restoring financial stability and scaling back public sector involvement
Mixed opinions from industry, regulators