Financial Transparency Coalition

Attached are the official communique and declaration made by the G20 Finance Ministers at their summit on September 5, 2009. Additionally, attached is a progress report on the actions taken by the G20 at its previous 2 summits.

Good afternoon. My thanks and compliments to Chancellor Darling and his team for hosting this meeting. The United States looks forward to welcoming the Prime Minister and the Chancellor to Pittsburgh, along with the Leaders and Finance Ministers of the G-20, in just a few weeks.

As the G20 meeting in September nears, the Task Force on Financial Integrity and Economic Development has sent a letter to the G20 asking them to address the issue of transparency in the global financial system in Pittsburgh. From the letter:

The Task Force on Financial Integrity and Economic Development urges the G20 to focus on substantially improving transparency in the global financial system. Thus far in communiqués, discussions, and commentaries, greater emphasis has been given to strengthening regulation within the existing structure. While regulatory improvements are clearly needed, we believe that such steps...