WSBI-ESBG's message to the G20 Leaders

At the 3/4 November 2011 Cannes Summit, important decisions will be made to tackle the root causes of the crisis and to strengthen financial regulation. The World Savings Banks Institute and the European Savings Banks Group (WSBI/ESBG), and their members, would like to call the attention of the G20 members on key concerns, and highlight some proposals regarding in particular the regulatory, supervisory and prudential framework for the banking sector, financial consumer protection, microfinance, and the international accounting standards.

The WSBI/ESBG’s overall objective is to avoid that the international banking framework detriments some banking institutions – such as savings and socially committed retail banks - and market practices that actually contribute to stabilising the markets and supporting the real economy.

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