HAMBURG (Reuters) - The governments of the G20 leading economies must increase their efforts to strengthen financial market regulation, a German government spokesman said on Monday.
"We're not yet there where we want to be," Steffen Seibert said on financial market regulation, adding that without the G20 group, progress on the issue would not be as far as it is.
Germany holds the presidency of the G20 leading economies this year, a platform Chancellor Angela Merkel wants to use to safeguard multilateral cooperation after U.S. President Donald Trump questioned international alliances and obligations and insisted on putting "America first" in his policies.
Trump has ordered reviews of major banking rules that were put in place after the financial crisis. German Finance Minister Wolfgang Schaeuble said earlier this month he would try to dissuade his U.S. counterpart Steven Mnuchin from deregulating the financial markets.
(Reporting by Gernot Heller; Writing by Michael Nienaber; Editing by Erik Kirschbaum)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app