The leaders of the G-20 countries, meeting in London on 2 April 2009, called for an end to bank secrecy and threatened sanctions against uncooperative jurisdictions identified by the OECD in a new, tiered “progress report”. But, despite calls from the French government, no sanctions have yet been imposed.

As part of the G-20 summit to tackle the financial crisis, leaders made commitments toward strengthening international financial supervision and regulation, and agreed, “to …

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