France to quit G20 summit if stricter financial regs not met

clock

France has threatened to walk away from the G20 summit if its demands for tighter financial regulation are not met, reports suggest.

French finance minister Christine Lagarde says Nicolas Sarkozy will not sign any agreement if he believes "the deliverables are not there," in a blow to Brown and Obama's agenda to strengthen financial regulation and stimulate international recovery. Brown says: "Leaders meeting in London must supply the oxygen of confidence to today's global economy and give people in all of our countries renewed hope for the future." Cracks are starting to emerge ahead of Thursdays' summit as other European countries resist calls to commit to increasing spending this and next year. Sarkozy has previ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 02 May 2024 • 2 min read