Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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(Photograph by Raina + Wilson)
Short-term GICs and savings accounts
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Merkel presses for progress on financial regulation at G-20 summit, ahead of German elections
– canadianbusiness.com
BERLIN – German Chancellor Angela Merkel says she’ll press for progress on financial regulation at next week’s summit of global economic powers, which comes ahead of Sept. 22 elections in which she’s seeking a third term.
Merkel said in her weekly video message Saturday: “Germany will, along with other countries, exert pressure so that we do not let up in the regulation of financial markets.”
She says there’s been progress in regulating banks but efforts to regulate so-called shadow banks such as hedge funds are stalled. Merkel wants the Group of 20, whose leaders meet in Russia next week, to produce “a binding timetable” on that and says she also expects progress on combating tax evasion.
Germany’s centre-left opposition argues too little has been done to tame perceived financial market excesses.
The post Merkel presses for progress on financial regulation at G-20 summit, ahead of German elections appeared first on Canadian Business.
Merkel said in her weekly video message Saturday: “Germany will, along with other countries, exert pressure so that we do not let up in the regulation of financial markets.”
She says there’s been progress in regulating banks but efforts to regulate so-called shadow banks such as hedge funds are stalled. Merkel wants the Group of 20, whose leaders meet in Russia next week, to produce “a binding timetable” on that and says she also expects progress on combating tax evasion.
Germany’s centre-left opposition argues too little has been done to tame perceived financial market excesses.
The post Merkel presses for progress on financial regulation at G-20 summit, ahead of German elections appeared first on Canadian Business.
