(Jul 21) In preparation for the G20 Leaders' Summit in Hangzhou, China in September, the Financial Stability Board
Plenary met in Chengdu to discuss emerging vulnerabilities, their annual report on implementation and effects, macroprudential frameworks and tools, CCPs, effective resolution regimes, OTC derivatives trade reporting, the decline in correspondent banking, reducing misconduct, and accounting and audit issues. Group of 20
finance ministers and central bankers are set to meet this weekend. Their discussion
agenda will once again be dominated by a well-worn topic: how to revive global growth.
expected to reaffirm that countries shouldn't deliberately weaken currencies just to help their economies. The U.S. Treasury, for one, will reiterate the importance of avoiding exchange-rate manipulation or competitive devaluations and to consult closely on exchange markets.