Request to G20 for regulating the financial markets

This petition was published by maurizio michelini on May 10, 2010

A possible solution to the present anarchy of the financial market may be to establish that ratings of bonds issued by States and public Bodies will be assigned by an international Rating Agency working under control of an intergovernmental Board appointed by G20, i.e. the group of twenty countries with major economies in the world, whose Presidents were just convened in 2008 and 2009 to face the effects of the global financial crisis.

Next Summit of G20 will be in Toronto, Canada, on June 26-27, 2010. Obviously it is important to sign the petition before this event.

This proposal has the advantage of preventing the future conflict which will arise between ratings assigned by the future EU agency and ratings assigned by private agencies based in other G20 countries.

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