March 5, 2009 / 5:28 PM / in 9 years

G20 to weigh sharing info on institutions: Canada

OTTAWA (Reuters) - Finance ministers from the Group of 20 nations will discuss how best to share information on national financial institutions when they meet in England later this month, Canadian Finance Minister Jim Flaherty said on Thursday.

“We’re having continuing discussions, and this I expect will be a topic for discussion in London, about how one coordinates internationally the sharing of information with respect to national financial institutions so that there can be reliance by financial institutions in one country on the solidity of the financial institutions in another country,” he said during a televised news conference in Washington.

”That sounds like it’s easy to do but it presents some challenges about how it would be done, whether by the IMF or by the Financial Stability Forum or other ideas that have been put forward.

Reporting by David Ljunggren

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