WASHINGTON, Nov 15 (Reuters) - The following are excerpts from the Group of 20 communique as read to Reuters by a source close to the negotiations. The source said the G20 had agreed on a final statement.
'Regulators must ensure that their actions support market discipline (and) avoid potentially adverse impacts on other countries, including regulatory arbitrage.'
'We pledge to ... ensure that all financial markets, products and participants are regulated or subject to oversight.'
'We commit ... (to) protecting against illicit finance risks arising from noncooperative jurisdictions.'
'We will also promote information sharing, including with respect to jurisdictions that have yet to commit to international standards with respect to bank secrecy and transparency.'
'We agreed that a broader policy response is needed, based on closer macroeconomic cooperation, to restart growth, avoid negative spillovers and support emerging market economies and developing countries.'
'(We) will use fiscal measures.'
'(We) recognize the importance of monetary policy support, as deemed appropriate to domestic conditions.'
((For more on the G20 summit see))
(Washington economics newsroom, +1 202 898-8310) Keywords: FINANCIAL/SUMMIT (tim.ahmann@thomsonreuters.com; +1-202-898-8370; Reuters Messaging: tim.ahmann.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'Regulators must ensure that their actions support market discipline (and) avoid potentially adverse impacts on other countries, including regulatory arbitrage.'
'We pledge to ... ensure that all financial markets, products and participants are regulated or subject to oversight.'
'We commit ... (to) protecting against illicit finance risks arising from noncooperative jurisdictions.'
'We will also promote information sharing, including with respect to jurisdictions that have yet to commit to international standards with respect to bank secrecy and transparency.'
'We agreed that a broader policy response is needed, based on closer macroeconomic cooperation, to restart growth, avoid negative spillovers and support emerging market economies and developing countries.'
'(We) will use fiscal measures.'
'(We) recognize the importance of monetary policy support, as deemed appropriate to domestic conditions.'
((For more on the G20 summit see))
(Washington economics newsroom, +1 202 898-8310) Keywords: FINANCIAL/SUMMIT (tim.ahmann@thomsonreuters.com; +1-202-898-8370; Reuters Messaging: tim.ahmann.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.