US Fed head calls for joint action from G-20

US Fed head calls for joint action from G-20
# 31 May 2010 13:04 (UTC +04:00)
Baku – APA-Economics. U.S. Federal Reserve Chairman Ben Bernanke Monday called for a concerted effort by G-20 nations in bringing about reforms to the current financial system for the purpose of ensuring financial stability during times of crisis, Korea Times reported.

Strengthening the international financial system and ensuring that financial institutions are carefully regulated, well-capitalized, liquid, and transparent will require extensive international cooperation," Bernanke said in pre-recorded remarks for a two-day conference hosted by the Bank of Korea (BOK) that will end Tuesday.
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