- Service: Audit, Advisory, Tax
- Type: Publication series
- Date: 1/11/2011
The G20 leaders met in Seoul on 11-12 November 2010, where financial reform was firmly on the agenda. This short update provides you with the key implications for your clients of decisions made at the summit.
Progress on financial reforms was made in Seoul, but diverging national approaches are becoming evident. While the G20 leaders are working to the objective of creating a level playing field, the divergence of national jurisdictions on some of the finer detail is likely to have an impact.
Professionals from KPMG’s Global Financial Services Regulatory Centers of Excellence highlight the outcomes of the recent G20 summit in Seoul, including progress made on Basel III proposals, and how work is still needed around the treatment of ‘systemically important financial institutions’ (SIFIs). To continue on the path towards coordinated global regulation, further progress is still needed.