group of industry associations has written a briefing for the London Summit. FOA, ICMA, ISDA, LIBA, SIFMA and the Investment Industry Association of Canada support the Washington Action Plan and transparent, efficient markets. The paper looks at initiatives already under way and calls for the G20 ministers to take these into account. The associations stress the need for global measures and agreement and suggest a regular assessment of what individual jurisdictions have done and their actions’ effects on others. Finally, the briefing looks at cost implications and asks ministers to consider the costs of global regulatory reform in aggregate rather than individually. The paper includes specific recommendations on crisis management, colleges of supervisors and expectations of financial regulation.