It seems that some progress is being made at the G20,the first is that there will be a crackdown on tax havens.
Over at the Guardian's blog,Dan Roberts
The financial secretary, Stephen Timms, has just confirmed that the conference will agree sanctions against tax havens that fail to sign up to new anti-secrecy agreements. We'll have to wait for the communiqué to see if there are any details (I doubt it) but this is an important moment.
Robert Peston though seems to have some more insight and says that agreement is close on
There will be a significant increase in the resources of the IMF, the emergency rescue service for ailing economies. The increment in funding for the IMF could be nearer $500bn than the $250bn already pledged as a minimum.
and this from Reuters
The communique drafted for the meeting, obtained by Reuters, said leaders would submit large hedge funds to supervision for the first time and enhance regulation through a new agency and a beefed-up IMF.
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