| Consensus reached on wide range of issues |
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| Tuesday,April 07,2009 Posted: 09:54 BJT(0154 GMT) |
| From:za Article type:Original |
G20 leaders agreed on the following key points:More regulation: All "systemically important" financial institutions, instruments and markets must be regulated, including hedge funds - opaque investment vehicles favored by institutional investors and the very rich.Executive pay: New principles on pay and compensation to avoid pay schemes that encourage excessive risk taking and reward failure.Tax havens:Non-cooperative offshore tax havens will be named and shamed, and could face sanctions if they do not agree to accept international rules. Governments have laid out huge sums and face larger deficits, and are in no mood to see tax revenue slip away.
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