The meeting of G-20 finance and central bank deputies will review the preparedness of international community in developing acceptable standards to measure adequacy of financial sector regulations and corporate governance at their meeting tomorrow.
The two-day meeting will also discuss steps to prevent abuse of the financial system by terrorist organisations. The meeting, which is the agenda-setting exercise for the meeting of the ministers of these 20 countries to be held in November this year, will also examine how far the members have been able to work with international financial institutions and the Financial Action Task Force to promote international standards relevant to terrorist financing, money laundering and regulation of the financial sector.
The G-20 is two year old institution that brings together all the top developed countries in the G-7 group along with the significant emerging developing countries. It accounts for 85 per cent of the world GDP and over 60 per cent of the world