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U.S. outlines goals for upcoming Toronto Summit, as EU leaders issue open letter to G-20 leaders

Alston & Bird LLP
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Global, USA
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June 24 2010

On Tuesday, in advance of the G-20 Summit to be held in Toronto this weekend, U.S. Treasury Secretary Timothy Geithner and Director of the National Economic Council Larry Summers published an op-ed in the Wall Street Journal outlining their agenda at the Toronto Summit and “highlighting the importance of the G-20 in building a united approach to global economic recovery."

G-20 finance ministers meeting in Washington, as FSB presents report on implementation of G-20 recommendations

Alston & Bird LLP
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Global, USA
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April 24 2010

Yesterday, the G-20 Finance Ministers and Central Bankers concluded their meetings in Washington, held in connection with the IMF and World Bank spring meetings

Secretary Geithner testifies before the Senate Foreign Relations Committee on the role of the G-20 in the global economy

Alston & Bird LLP
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Global, USA
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November 18 2009

Yesterday, Treasury Secretary Geithner appeared before the Senate Foreign Relations Committee

IMF urges governments to develop exit strategy from the financial crisis

Alston & Bird LLP
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Global, USA
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September 16 2009

Today, the IMF issued a report entitled "Crisis-Related Measures in the Financial System and Sovereign Balance Sheet Risks."

Treasury releases concluding statement of IMF mission

Alston & Bird LLP
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Global, USA
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June 16 2009

Today the U.S. Department of the Treasury released the “concluding statement by the staff of the International Monetary Fund (IMF) following this year's Article IV Consultation with the United States.”

Market participants issue new commitments and move closer to reducing systemic risk and increasing efficiency in the OTC derivatives market

Alston & Bird LLP
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Global, USA
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June 3 2009

Yesterday, key over-the-counter (OTC) derivatives market participants and industry associations, including the International Swaps and Derivatives Association, Inc. (ISDA), the Managed Funds Association and the Asset Management Group of the Securities Industry and Financial Markets Association, in an effort to "significantly reduce systemic risk and increase transparency,” submitted a letter to the Federal Reserve Bank of New York (FRBNY) and other banking regulators

IASB and FASB announce joint-initiative in response to the financial crisis

Alston & Bird LLP
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Global, USA
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March 30 2009

Last week, at a joint meeting held in London, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced that they would begin working "jointly and expeditiously towards common standards that deal with off-balance sheet activity and accounting for financial instruments"