President Barroso of the Commission and President Van Rompuy of the Council have written to G20 setting out their thoughts on the key issues for the Toronto summit. They want G20 to reaffirm its commitment to reform financial markets and welcome the progress made so far on capital and liquidity. They explain the EU drive to publish stress-testing figures. The letter also calls for better crisis management measures and uniform implementation of strict remuneration standards. They announce the EU plan to consult on OTC derivatives in September and the EU-level agreement on financial institution levies. They want international discussion on a possible global financial transaction tax, global progress on accounting standards and corporate governance and continued efforts to deal with non-cooperative jurisdictions.
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European Presidents tell G20 of EU aims
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