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G20 regulatory efforts must be transparent, include civil society
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One year since the onset of the financial crisis, tentative signs of economic recovery are emerging. Efforts to steer us onto the road towards economic growth have seen governments draw on unprecedented amounts of public money and the biggest corporate bail-outs in history. Meanwhile, the poorest countries have been hit hard, with experts warning of disastrous humanitarian consequences. Many will require concerted help to move beyond the global recession.

This global crisis has exposed not only a need to fundamentally rethink the functioning of the financial sector, but an alarming integrity deficit that is ultimately a root cause of the current situation. To prevent similar future crises and set the global community on a path to a sustainable growth that is to everyone’s benefit, this integrity deficit must be addressed.

Transparency International seeks to go beyond technical responses to the financial crisis, striving to cement transparency as the long-term driver of a more solid, responsible and sustainable financial model, which meets the challenges of our evolving global landscape.