...:: Days of Our Future ::...

The 2009 G20 Summit in Pittsburgh will be held September 24th and 25th attended by leaders from the most powerful countries. This footage was filmed on September 23rd, 2009. Filmed and edited by Jeb Sprague, for the Inter Press Service (IPS).

At the upcoming G20 Summit in Pittsburgh, Pennsylvania, plans for new global financial regulations will be presented by the chairman of the Financial Stability Board (FSB), Jonathan Adair Turner, Baron Turner of Ecchinswell, a British business man. The report will be made public and is said to provide an analysis of the progress made in implementing the G20 London Summit recommendations for strengthening financial stability and the further steps that the FSB says are needed to improve financial regulation going forward. With the recent global financial crisis, organizations such as the FSB are seen as key by business and governments leaders for developing transnational frameworks to stabilize global capitalism.

The FSB facilitates communication and planning between finance and central bank officials of the G20 governments, along with officials of organizations such as the Bank for International Settlement, the European Central Bank, the European Commission, the International Monetary Fund, the Organization for Economic Coordination and Development (OECD), the World Bank, and half a dozen global standard-setting forums. The officials working together are grouped into a Steering Committee and three Standing Committees -- for Vulnerabilities Assessment; Supervisory and Regulatory Cooperation; and Standards Implementation. Jeb Sprague had the following discussion with Rupert Thorne, Deputy to the Secretary General of the FSB.

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Source alternet.org