Toomre Capital Markets LLC

Real-Time Capital Markets -- Analytics, Visualization, Event Processing, and Intelligence

G-7

More Bank Regulations Coming

Late last week and during the weekend of April 12th 2008, the G-7 Finance ministers met in Washington. Rarely are commercial interests part of these meetings. However, on Friday evening the finance ministers and central bankers invited representatives of some investment and global banks to join them for dinner. Deutsche Bank, Mizuho Corporate Bank, Citigroup, Lehman Brothers, JP Morgan and Bank of America were rumored to be among the ten or so global institutions invited. According to The London Telegraph, the focus of the dinner was to warn them that more regulations are inevitable in wake of the financial credit crisis.