The London G20 summit
The G20 summit, held in London in April 2009, attempted to address the immediate global financial crisis by agreeing an injection of an extra $750b into the global economy, as well as putting in place a regulatory system capable of preventing such a crisis occurring again.
A new Financial Stability Board will be established to provide an early warning system of problems in global financial markets, and, working closely with a reformed IMF, it will regulate all important aspects of the global financial system. In particular, hedge funds will be subject to closer scrutiny and regulation.
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