The Financial Stability Board said work should also start on Libor alternatives, such as so-called "nearly risk-free reference rates."» Read More
*Lew urges efforts to boost domestic demand in China, Japan, Europe. As finance ministers and central bank chiefs from the Group of 20 developed and emerging gather ahead of a weekend meeting in Sydney, many are already talking at cross purposes. Treasury Secretary Jack Lew said at a financial conference in Sydney ahead of the ministerial meetings.
The report echoed Australia's attempt to push an agenda for growth as it hosts finance ministers and central bank chiefs from the Group of 20 major economies in Sydney this weekend.
Speaking ahead of the G-20 weekend meeting in Australia, U.S. Treasury Secretary Jacob Lew, highlights infrastructure, skills gap and tax reform as key issues that the U.S. government will need to tackle.
Andrew Economos, Head of Sovereign & Institutional Strategy, Asia at JP Morgan Asset Management, discusses U.S. Treasury Secretary Jacob Lew's comments about the U.S. quickening its recovery momentum.
Responding to questions about fears related to China's banking system, U.S. Treasury Secretary Jacob Lew, says that China has the capacity to manage shadow banking.
Singling out regulation as the key area he will be watching at the G-20 meeting, Gary Cohn, President & COO of Goldman Sachs, says 'smart' financial regulation will be the answer for global banks.
Takehiko Nakao, President of the Asian Development Bank, says focus of the G-20 weekend meeting in Australia, will be on how to sustain the global growth momentum.
Mathias Cormann, Finance Minister of Australia, says Australia will stand to benefit if the G-20 commits to hard targets for stronger growth.
Australia's Finance Minister Mathias Cormann, says he hopes the G-20, which meets this weekend, can commit to a plan of action that will strengthen the global economy.
Ksenia Yudaeva, first deputy governor of the Bank of Russia, told a conference in Sydney ahead of the weekend G20 meeting that more cooperation was needed between global central banks to help stabilise markets. Earlier this week, Russia's central bank warned that investors were likely to steer clear of emerging markets as the U.S.
Ahead of the G20 weekend meeting in Australia, Wayne Swan, former Treasurer of Australia, hopes the meeting will materialize policies that will stimulate global economic growth.
Bruce Billson, Minister for Small Business of Australia, says its time for the G20 to focus on stability of finance systems, to ensure support for job creation and enterprise growth.
Ahead of the G20 weekend meeting in Australia, Joe Hockey, Australian Treasurer called out to the Fed to consider the wider impacts of its taper plans, particularly on emerging markets.
Tim Adams, President & CEO of the Institute of International Finance, says emerging market turmoil, the regulatory agenda are likely to be the highlights of the G20 meeting commencing in Australia this week.
Group of 20 finance ministers and central bankers meet in Sydney this weekend, with global economic growth and ructions in emerging markets set to take centre stage.
TOKYO, Feb 18- Bank of Japan Governor Haruhiko Kuroda said on Tuesday that Japan's economy was moving in line with the central bank's forecasts, suggesting that no imminent expansion of monetary policy was necessary.
OTTAWA, Feb 17- Advanced economies must explain their monetary policy approach clearly to the rest of the world and some emerging economies need to strengthen policies in order to soften the financial market volatility during this unprecedented period of transition, a senior Canadian finance official said on Monday.
SEOUL, Feb 17- Policy coordination in response to the recent turmoil in some emerging markets will likely be among the main topics for discussion at this week's meetings of G20 policymakers, South Korea's Ministry of Strategy and Finance said on Monday.
BRUSSELS- OECD organizes a public debate on "The Euro Area at a crossroads: Policies for growth, jobs and competitiveness". **LUXEMBOURG- ECB Executive Board member Yves Mersch will hold a keynote speech at The Luxembourg Renminbi Forum- 1300 GMT. **LONDON- ECB governing council member Ewald Nowotny gives Golden Series lecture at OMFIF in London- 0700 GMT.
WASHINGTON, Feb 14- Economic policymakers from the world's biggest economies will focus on recent financial market turbulence when they meet next week in Sydney, a senior official at the U.S.