Business Maverick: Here's What to Watch at the G-20 Finance Meetings This Weekend By Bloomberg
Dos and Don’ts
On the “dos,” Asian officials are likely to tout the multilateral and regional pacts enacted, or in progress, as a sign that global trade plods on amid headwinds.While central banks lack the firepower they once possessed, the world is again looking to them to solve economic troubles. Australia recently cut interest rates for the first time in three years, and expectations are growing for the Federal Reserve to slash rates this year.Financial innovation also remains a high-priority agenda.
The Financial Stability Board, an international outfit to tackle challenges around regulation and supervision of the sector, is working to set up guidelines on cyber attacks and recently delivered a progressWith Italy as a G-20 member, the country’s finance chiefs may have a say on the European Commission’s recentthat Italy hasn’t made sufficient progress in reducing its debt and that a disciplinary process is “warranted.
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