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No agreement on a plan to repair the world’s economy

  • June 25, 2010 June 25, 2010
  • 07:55

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