The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Bond Outlook April 1st

The G20 look a divided group, but at least they are coalescing on issues of expanded regulation. Evolution nor revolution -- the lesson of Sarbanes-Oxley has not been lost!

Bond Outlook [by bridport & cie, April 1st 2009]

Everyone says “no protectionism” ... and then protects. Everyone says “we must have a united approach” ... and then they divide into two groups, one in favour of still more stimuli, the other saying “enough is enough”. Very silly threats have been made by Sarkozy that he will walk out if he does not get his way on greater regulation of hedge funds, derivative trading and bank bonus control. Most members of the G20 want these things anyway. Russia is wading in with proposals for a new international financial order (including the Chinese idea of a third, IMF-run reserve currency), dismissed by some as “self-serving”, but seen by others as thoughtful if not a touch hypocritical. Banking secrecy in Switzerland is being strongly attacked by countries which themselves offer amazing tax avoidance opportunities through company domiciliation. To expect a sensible and united outcome from such a grouping requires a great deal of optimism!


Ban Ki-Moon would like to see the G20 consider helping poor countries suffering from a recession which they did not cause, and also to encourage “green economics”.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree