The London 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 was proposed, to provide an early warning system of problems in global financial markets, and, working closely with a reformed IMF, it's aim is to regulate all important aspects of the global financial system. In particular, hedge funds will be subject to closer scrutiny and regulation.

See also:

>The financial crisis

>Economic updates